Australia Dollar US Dollar AUD/USD Forex Report 2nd February 2020

AUD / USD Primary & Weekly Cycles

Massive move down on the AUD into the 2020 lows.

Could & Should find support around these Yearly lows .6697 & .6625

However, way to early to say the AUD is going to continue much higher  other than .6889

Use 5 day patterns and intraday 50% level to look for counter-trend moves.

A collapse will see it as low as .63.90

Forex Report AUD/USD 4th January 2020

AUD/USD Primary & Weekly cycles

AUD fails at the 2020 50% level @ .7005

Target the 2020 lows

However, there could be a similar set-up as in 2017.

Price moves back down into .6889 (Quarterly 50% level) and then moves higher.

FOREX REPORT - AUD / USD 2nd December 2019

AUD Primary & Weekly Cycles

Random support .6724

With a potential move down to 6639 - .6605

Froex Report AUD/USD 3rd November 2019

AUD/USD Primary & Weekly Cycles

What looked extremely bearish at the start of last month, things turn around quickly.

Support is now the Yearly lows at .6850

Resistance .7055 in the 4th Quarter

However, we can see that the levels dynamically drop lower at the start of 2020, which could see the AUD turn around it's Primary Bear Market

Forex report AUD/USD October Monthly Report

AUD/USD Primary & Weekly Cycles

We're currently looking at the AUD breaking the Yearly lows on the 3rd occassion, with a potential move down towards .6297

There's not going to be a turn around unless it's trading back above the Yearly lows and above the Monthly highs.

resistance - .6864  & 6961

AUD still looks to be moving lower after hitting the SEPTEMBER HIGHS 

 October - Resistance .6850

 Target and random support in the 4th Quater around .6548/62

FOREX REPORT AUD/USD 1st September 2019

AUD/USD Primary & Weekly Cycles

Major support around .6745

However, a double yearly low but then break on the 3rd occassion

AUD could move as low at the 100% range .6297 (previous report)

We're currently looking at the AUD breaking the Yearly lows on the 3rd occassion, with a potential move down towards .6297

There are lower monthly levels in September that will play minor support and others that will play  major resistance.

There's not going to be a turn around unless it's trading back above the Yearly lows and above the Monthly highs.

resistance - .6864  & 6961

minor support - .6671   & .6653/75

AUD/ USD Monthly Report 5th August 2019

AUD/USD Primary & Weekly Cycles

AUD back down into the AUGUST LOWS.

Major support around .6745

However, a double yearly low but then break on the 3rd occassion

&

AUD could move as low at the 100% range .6297

FOREX REPORT AUD/USD 30TH JUNE 2019

AUD/USD PRIMARY AND WEEKLY CYCLES

AUD WAS PUSHED DOWN FROM THE JUNE 50% LEVEL AND INTO THE YEARLY LOWS, ONCE AGAIN FORMING A DOUBLE BOTTOM. (January 1st bottom)

IF WE THINK AUD IS GOING HIGHER, THEN IT NEEDS TO REMAIN ABOVE THE JULY 50% LEVEL @ .7035

HOWEVER, CAN IT BREAK .7119?

I LIKE MY BEAR MARKET REVERSALS TO REACH DOUBLE YEARLY LOWS (WHICH IS DID EARLY IN THE YEAR) BUT THEN MOVE HIGHER FROM MARCH. (which it didn't)

THAT HASN'T HAPPENED IN THE AUD, SO AT THIS STAGE I'M RELUCTANT TO CALL A BEAR INTO BULL MARKET REVERSAL, BUT IT MAY CONTINUE HIGHER.

USE MONTHLY LEVELS IN WEEKLY CYCLES AS RANDOM RESISTANCE ZONES.

FOREX REPORT AUD/USD 9th June 2019 Monthly Report

AUD Primary Cycle & Weekly Cycle

I'm not confident that the AUD is going to go higher just yet.

Random resistance levels JUne 50% level & Weekly highs @ .7061

I won't have a bullish scenario until price is trading above the Quarterly levels (Yellow)

AUD/USD Forex Report - 28th April 2019

AUD Primary & Weekly cycles

For the Australian dollar to move higher it needs to remain above the April 50% level @ .7077.

It remained above the April 50% level until late this week, and now looks to be moving down towards .6827

Random support around the Weekly lows could see a counter-trend move up towards the MAY 50% level - Resistance.