AUS/USD Forex Report 4th July 2021

 


AUD/ USD Primary & Monthly Cycles

I still have the view that the AUD will reach the 2021 highs at 0.81.

We often see this price action in markets, especially price comes down into June lows, then dips down into July lows 0.73’s (Double bottom) and then swings higher.

 

If that plays out, then validate it with price back above 0.7533 (July – October) - Secondary Cycle