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