AUD Yearly and Primary Cycles
We've seen global currencies collapse against the USD and I\m expecting more downside before a larger counter-trend move upwards.
If there's an up move early next week, (above 0.6451) then it will probably struggle to rise higher than 0.6632/0.68 in October
Ideally it would be better to see a move down early next week to 0.6128 / 0.6242, and then a counter trend move upwards.
Note : - break and extend pattern in 2022 Yearly cycles, therefore looking for lower lows in 1st Quarter 2023
