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