FOREX AUD/USD 3rd May 2020 Monthly Report

AUD/USD Primary & Weekly Cycles

Primary Cycles are extremely bearish. 

There is a breakout of the 1st Quarter lows that could extended down into the 2nd or 3rd Quarter lows

around 53-54 cents.

However, the Aussie dollar is above the monthly 50% level and also the Weekly lows are catching up with price.

If it's going lower, it needs to close below .6265 and there could be more sellers appearing in the AUD.

However, it could also be the next point of the AUD going higher and up towards .6935

.6265 is a major level that's going to decide the trend for the next 2 months.

AUD/USD 12th April 2020

AUD / USD Primary & Weekly Cycles.

Is AUD going to retest the breakout from .6698?

It could...

But it might have a hard time getting past .6390 (100% of the range)

FOREX AUD - USD 5th April 2020

AUD PRIMARY & WEEKLY CYCLES

THE AUD WILL HIT SOME RESISTANCE LEVELS AROUND .6211 - 6288 (PREVIOUS REPORT)

THE AUSSIE DOLLAR HIT RESISTANCE LAST WEEK AND HAD DRIFTED LOWER.

WE CAN SEE THE POTENTIAL OF WHERE THE AUD CAN GO TO, IF IT FOLLOWS THE BREAK AND EXTEND PATTERN FROM THE MARCH DOWN INTO APRIL'S LOWS  - FIRST TARGET WEEKLY LOWS 

HOWEVER, DON'T BE SURPRISED IF THE AUD GOES LOOKING FOR THE 100% OF THE RANGE AT 63.90

RESISTANCE .6241

AUSTRALIAN DOLLAR AUD/USD 28TH MARKET 2020

AUS/USD PRIMARY & WEEKLY CYCLES

THIS IS WHAT HAPPENS WHEN THE AUSTRALIA CLOSES IT'S BORDERS. 

THE USD IS COMING UNDER SELLING PRESSURE AFTER THIS WEEK'S STIMULUS PACKAGE AND THE RATE OF INFECTION OF THE CORONAVIRUS IS MORE THAN LIKELY PUT EVEN FURTHER PRESSURE ON THE USD.

HOWEVER, THE AUD WILL HIT SOME RESISTANCE LEVELS AROUND .6211 - 6288

WITH A MAJOR RESISTANCE AROUND .6390

WE CAN SEE THE BREAK AND EXTEND PATTERNS ON THE AUD, AND WHERE IT CAN GO . 5286

AUS/USD Forex Report 29th February 2020

 

AUD /USD Primary & Weekly Cycles

10 day support around the 2020 lows, but then the breakout of the Weekly lows has seen weakness towards the 100% level of the 2020 range at .6390

I would think around .6390 will support the AUD, but it will struggle to move higher than the March 50% level @ .6664 / 97

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