AUD/USD FOREX MONTHLY REPORT - 1st May 2021

AUD/USD PRIMARY AND WEEKLY CYCLES

TARGET REMAINS THE 2021 HIGHS AT 0.81

IT COULDN'T CONTINUE HIGHER IN APRIL AND WILL BE OPENING BELOW THE 50% LEVEL IN MAY .7752

IF BELOW 0.7701 THEN A PUSH DOWN IN THE WEEKLY LOWS AND THE THE MAY LOWS THE FOLLOWING WEEK, WILL BE A GOOD SUPPORT ZONE FOR A MOVE HIGHER IN LATE MAY EARLY JUNE.

SUPPORT 0.7460

AUD /USD FOREX REPORT 4TH APRIL 2021

AUD/FOREX REPORT PRIMARY CYCLES

QUARTERLY 50% LEVEL (APRIL - JUNE) IS 0.7439

WHICH MATCHES THE APRIL LOWS (RIGHT CHART)

THESE ZONES ARE SERIOUS SUPPORT LEVELS IN THE PRIMARY CYCLES, FOR ANOTHER MOVE TOWARDS THE 2021 HIGHS

ANTHING BELOW 0.7415 AND IT MUST BE TREATED AS A BREAKDOWN.

AT THE MOMENT - I'M LOOKING FOR THE TREND TO GO UP, AS PART OF THE 2020 HIGH BREAK AND EXTEND PATTERN INTO 2021 HIGHS.