AUD/USD FOREX REPORT 6th January 2019

AUD/USD PRIMARY & WEEKLY CYCLES

The Flash Crash earlier this week completed the move down into the 2019 lows.

This began once price moved back below the December 50% level, as part of the Primary trend down into the 2019 lows. (read Previous Reports)

Even though I don't know the long term trend on the AUD, as it's still in a BEAR CYCLE, my view is that price will continue up towards the 2019 50% level @ .7408, (Random Resistance)