AUD/USD Forex Report 30th November 2015

AUD/USD Primary Cycles

My view is that the AUD will try and continue down in 2016, however I've been looking for the AUD to move up into resistance zones before the next move downward in 2016.

The ideal move would be for the AUD to remain above .7091 and rise upwards in December and early January and then look for set-ups for the next leg downward using the 2016 50% level as resistance.

AUD/USD Forex Report 1st November 2011

AUD/USD Primary cycles

Weekly breakout on Monday above the previous 5-day highs & .7154 , which forms support the following week, and the expectation that the AUD is retesting .7567 (major Resistance SELL ZONE) Previous Report

As we can see the AUD rose on the back of the 5-day high break earlier this month, without reaching the first resistance zone @7474, instead slipping back and retesting Support.

This support zone resides @ .7091, but the trend guide as to whether it moves up towards .7567 begins next week from 7155.

Note: Primary trend suggest the long term trend guide is to continue lower in 2016.

Below .7091 and keep an eye on .6894

AUD/USD FOREX Report 4th October 2015

AUD Primary & Weekly cycles

First resistance zone @ .7220 held, and now it's moved down to .7154 in October.

As noted in previous report, the AUD is likely to follow the trend down in 2016 towards the lows around .66 cents

There are two patterns at play,

1.  trade resistance during each monthly timeframe with the expectation that it's following the primary cycles downward in 2016.

2. Weekly breakout on Monday above the previous 5-day highs & .7154 , which forms support the following week, and the expectation that the AUD is retesting .7567 (major Resistance SELL ZONE)

AUD/USD Forex Chart 12th September 2015 Monthly report

AUD Primary & Weekly cycles

The Australian dollar completed its move down into .7091 cents

I was expecting more support to come into the Aussie Dollar @ .7091 cents using the Primary Cycles, with a swing upwards into .7567 (resistance) but it instead has followed the Weekly cycles down into the September lows .6936 (random Support)

Based on current patterns coming into the end of the 3rd Quarter and the start of the 4th, there are two resistance levels:- .7220 & 7567, 

Note:- Even though the trend remains weak, 5-day cycle set-ups should provide short-term buying opportunities above .7220 at the start of each weekly timeframe

Report continues below......

AUD Primary Cycles

Primary Cycles suggests the AUD has the potential to continue lower follow the Primary Cycles into the 2016 lows.

Short-sell 7567 in 2015.

AUD/USD 24th August 2015 Report

AUD/USD Primary & Weekly cycles

There's still a trend bias to move down into .71 cents (SUPPORT)

AUS/USD 3rd August 2015 Monthly Report

AUD/USD Primary & Weekly Cycles

As Noted in the Previous report, the price action is down into MAJOR Support level in August and 100% of the Primary range.

Therefore around .7091-71 is a level that good enough to GO LONG from...

However, there is a major resistance zone:- August 50% level 75.65  and previous Primary support earlier in the year.

This resistance zone could end up stalling the AUD for the rest of 2015.

Australian Dollar V US Dollar 23rd July 2015 Report

AUD Primary & Weekly cycles

Commodity prices dropping (READ GOLD Report) dragging the AUD dollar lower.

Even though the AUD is hovering around the July lows, it's actually trading below those lows @.7485 forming a resistance zone, and most likely follow the weekly cycles towards the Weekly lows, and as low as .7091

For short-term trading I would use each of the levels as Support & Resistance.

Resistance:- .7567

                                                                           

Australian Dollar AUD/USD 4th July 2015 Monthly Report

Australian Dollar (Primary & Weekly Cycles

What was support becomes resistance, and that price is .78 cents.

There is still major support around .7567 that's worth trading but don't be surprised to see the AUD dip as low as the June lows. (Previous Report)

Commodity prices heading downward dragging the AUD lower towards the July lows.(Random Support  .7398)

There's a lack of support in the AUD as we begin the 3rd Quarter, with random support around the July lows that's either going to swing the AUD up into the 50% level @ 7727....

 or for whatever reason the trend continues with the Primary cycles southbound into the 4th Quarter and .7091

AUSSIE Dollar AUD/USD 8th June 2015 Report

AUD Primary & Weekly Cycles

As noted in the previous report, the expectation of commodity prices dropping further in 2015 was going to weigh heavily on the Aussie dollar.

What was support becomes resistance, and that price was .78 cents.

There is still major support around .7567 that's worth trading but don't be surprised to see the AUD dip as low as the June lows.

Below .7567 and decent support resides around the Weekly lows (Green)

Page 34 of Market Trading Market Timing...

Use Sequential ordering of pattern formations

1. Apply the trend identification Model

2. Identify Support,Resistance, & Trends

3. Identify the change of Support & Resistance with the use of TIME

4. Forewarn & Foretell the likely events in the future using Principle SET-UPS

AUD/USD 25th MAY 2015 Forex Report

                                                            AUD/USD Primary cycles

As noted in the previous report, AUD rose on the back of the rate cut and hit the MAY highs and stalled

Support now resides around 78 cents:- Monthly 50% level and 2015 Lows.

Based on Commodity prices and their own Primary Cycles, there is still a bias to move lower in 2015, how this effects the AUD for the rest of the year will simply be defined by trading either side of .78cents