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.
