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 0.6866AUD/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
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