AUD/USD FOREX REPORT 31st January 2021

AUD /USD Primary Cycles

There is always a risk that the AUD could drop back down into the Primary 50% level 

@ . 6988

However, I have the view that there is a break and extend pattern in the Yearly time frames and continuing to extend up into the 2021 highs  .7980 to .81+

Support  - 0.7487 / .7556

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AUD/USD Forex Report 4th January 2021 Monthly

AUD/USD Primary & Weekly Cycles

Tend bias is to continue up to 0.7980 in January and then 0.81+ in February, as it completes the Break & Extend pattern in the Yearly Timeframe 2020  into 2021

Manage the upside using the weekly 50% level