FOREX AUD/USD 1st April 2019 Monthly Report

Primary & Weekly Cycles

As per previous Report, the Weekly lows were seen as support, simply because we believe the AUD is rising after completing it's 2-wave Primary cycle down into the 2019 lows at the start of January.

For the Australian dollar to move higher it needs to remain aobe the April 50% level @ .7077.

The only thing I don't like about the price action is the NO CONTROL bar for the month of March: - lack of buyers after the Weekly lows

AUD/USD Forex Report 3rd March 2019

AUD/USD PRIMARY & WEEKLY CYCLES

SHORT-TERM CYCLES are pushing the AUD lower, as seen with the MARCH 50% level

however, if the AUD is going to move upwards & towards the 2019 50% level at .7377, then the Weekly lows is seen as support

support .7025