AUD/USD PRIMARY CYCLESHeading up towards the 4th quarter highs .7596
and most likely continue towards the 2021 highs in the 1st quarter
AUD/USD FOREX REPORT 1ST NOVEMBER 2020
AUD PRIMARY & WEEKLY CYCLESAUD/USD PRIMARY & WEEKLY CYCLES AUD IS BACK TO THE 2020 50% LEVEL .7005:- THIS IS SEEN AS SUPPORT FOR A POTENTIAL MOVE TOWARDS THE 2021 HIGHS 0.76+ CENTS. HOWEVER, FOR THAT TO HAPPEN, WE NEED TO SEE A BREAKOUT OF THE WEEKLY HIGHS. DAILY CYCLES AREN'T ALIGNED, \AND WE COULD SEE A MOVE DOWN INTO THE NOVEMBER LOWS 0.6866Australian Dollar AUD/USD 3rd October 2020
AUD/USD Primary & Weekly Cycles
Primary Cycles are bullish on the AUD, with a 4th Quarter target of 0.7620, but it needs to be trading above 0.72cents and the October 50% level.
A breakout of the previous Monthly lows in September and now resistance at the October 50% level, could actually see price move back down into the lows at 0.69cents and the 2020 50% level once again.
Two Key Levels
Bullish Above 0.72cents
Bearish below 0.7135/50
Australia - USD Report 4th September 2020
Primary & Weekly Cycles
AUD is in a breakout of the 3rd Quarter Highs @.7203.
This suggests, it should move higher into the 4th Quarter to 0.7620+
Below 0.7272 and price will go looking for the September 50% level and monthly low at 0.7130
AUD/USD FOREX REPORT 1ST AUGUST 2020
AUD/USD FOREX REPORT
IS THE AUD GOING TO GO HIGHER?
IT'S HITTING A MAJOR RESISTANCE ZONE AROUND .7203
IT COULD POP UP INTO .7280-73, BUT KEEP AN EYE ON POTENTIAL MOVES DOWN INTO THE AUGUST 50% LEVEL MATCHED WITH THE MONTHLY LOWS AT .6935
AUD/USD FOREX REPORT 29th June 2020
AUD/USD Primary and Weekly Cycles
Back into the Yearly 50% level @ .7005 without hitting those Weekly lows
If AUD is going higher into .72 it will remain above .68 and push upwards, as it's part of the breakout from the month of June
However, a retest of the Yearly 50% level could see a move back down and as far as .6245.
This will only be confirmed with a break of the July 50% level @ .6645
Australian US Dollar Report 30th MAY 2020
AUD Primary & Weekly Cycles
AUD is still below the 2020 lows and in a tight trading range. This is still extremely bearish if we are looking at the Primary cycles.
Can it go up towards the 2020 50% level @.70 cents?
It might take another 4 to weeks of trading before it decides to go higher.
I would actually like the AUD to move back down to the Weekly lows and then attempt to move higher from July.
A lot of resistance around next week's highs at .6743
FOREX AUD/USD 3rd May 2020 Monthly Report
AUD/USD Primary & Weekly Cycles
Primary Cycles are extremely bearish.
There is a breakout of the 1st Quarter lows that could extended down into the 2nd or 3rd Quarter lows
around 53-54 cents.
However, the Aussie dollar is above the monthly 50% level and also the Weekly lows are catching up with price.
If it's going lower, it needs to close below .6265 and there could be more sellers appearing in the AUD.
However, it could also be the next point of the AUD going higher and up towards .6935
.6265 is a major level that's going to decide the trend for the next 2 months.
AUD/USD 12th April 2020
AUD / USD Primary & Weekly Cycles.
Is AUD going to retest the breakout from .6698?
It could...
But it might have a hard time getting past .6390 (100% of the range)
FOREX AUD - USD 5th April 2020
AUD PRIMARY & WEEKLY CYCLES
THE AUD WILL HIT SOME RESISTANCE LEVELS AROUND .6211 - 6288 (PREVIOUS REPORT)
THE AUSSIE DOLLAR HIT RESISTANCE LAST WEEK AND HAD DRIFTED LOWER.
WE CAN SEE THE POTENTIAL OF WHERE THE AUD CAN GO TO, IF IT FOLLOWS THE BREAK AND EXTEND PATTERN FROM THE MARCH DOWN INTO APRIL'S LOWS - FIRST TARGET WEEKLY LOWS
HOWEVER, DON'T BE SURPRISED IF THE AUD GOES LOOKING FOR THE 100% OF THE RANGE AT 63.90
RESISTANCE .6241
AUSTRALIAN DOLLAR AUD/USD 28TH MARKET 2020
AUS/USD PRIMARY & WEEKLY CYCLES
THIS IS WHAT HAPPENS WHEN THE AUSTRALIA CLOSES IT'S BORDERS.
THE USD IS COMING UNDER SELLING PRESSURE AFTER THIS WEEK'S STIMULUS PACKAGE AND THE RATE OF INFECTION OF THE CORONAVIRUS IS MORE THAN LIKELY PUT EVEN FURTHER PRESSURE ON THE USD.
HOWEVER, THE AUD WILL HIT SOME RESISTANCE LEVELS AROUND .6211 - 6288
WITH A MAJOR RESISTANCE AROUND .6390
WE CAN SEE THE BREAK AND EXTEND PATTERNS ON THE AUD, AND WHERE IT CAN GO . 5286
AUS/USD Forex Report 29th February 2020
AUD /USD Primary & Weekly Cycles
10 day support around the 2020 lows, but then the breakout of the Weekly lows has seen weakness towards the 100% level of the 2020 range at .6390
I would think around .6390 will support the AUD, but it will struggle to move higher than the March 50% level @ .6664 / 97
Australia Dollar US Dollar AUD/USD Forex Report 2nd February 2020
AUD / USD Primary & Weekly Cycles
Massive move down on the AUD into the 2020 lows.
Could & Should find support around these Yearly lows .6697 & .6625
However, way to early to say the AUD is going to continue much higher other than .6889
Use 5 day patterns and intraday 50% level to look for counter-trend moves.
A collapse will see it as low as .63.90
Forex Report AUD/USD 4th January 2020
AUD/USD Primary & Weekly cycles
AUD fails at the 2020 50% level @ .7005
Target the 2020 lows
However, there could be a similar set-up as in 2017.
Price moves back down into .6889 (Quarterly 50% level) and then moves higher.
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