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