AUD/USD Forex 4th September 2021 - Monthly Report

AUD/USD Primary & Weekly Cycles

Strong close on AUD, with the Weekly close back above the September 50% level @.74 and looks likely to push higher into next week's highs @.7586.

However, the 3rd Quarterly level (Yellow @ 7533) might form resistance.

I'd be surprise to see the next 3 weeks go straight up to .78/.80

But it would not surprise me to see consolidation for 2 weeks and then the last week of the month of September starts to move higher.

if below 0.74 in the last week of September and price could be heading towards the 4th Quarterly lows, which matches the 2021 50% level 0.6988