AUD/USD FOREX REPORT
Primary cycles look bearish and could see price down into the 2021 50% level at .6988
However, we often see double bottoms play out and the reverse upwards - June down into July lows.
We have just recently seen the same patterns in Crypto Markets.
Therefore, an open above 0.7380 could see a move back up into .7533, which will form resistance.
A weekly close above the August 50% level, will then see another attempt at the 2021 highs in the back half of the 3rd Quarter.
