Forex Report AUD/USD 1st February 2016

AUD/ USD Primary & Weekly Cycles

 

The price of the Australian dollar didn't hit the major support zones in January around the 2016 lows.

 

The AUD may have another go in February, as the new 50% level pushes the AUD back into those levels, however it won't surprise me to see and move back towards the 3-month highs in February.

 

Trade on the side of the February 50% level @.7098.

Forex Report AUD/USD 16th January 2016

AUD/USD Primary Cycles

 

the AUD is heading lower as part of the Primary Cycles for 2016, with 3 areas that will provide some resistance (Previous Report)

 

Sadly, the AUD didn't reach those resistance areas, and now looks to be completing the move down into the 2016 lows earlier than expected.

 

These lows are seen as Major Support in 2016, especially if it reaches .6703.

 

However, there's a breakout of the January lows @ .7043 that's likely going to form resistance for the rest of the month.

 

 Any long term buying support in the AUD will probably move into another stalled movement because of this, however we can reassess the price action at the start of February.

AUD/USD Forex Report 1st January 2016

Primary Cycles

 

The start of the new year brings in the new Primary Cycles for 2016.

 

I've always had the view that the AUD will try and rise upwards before it continues its next leg downward into the 2016 lows

 

 

There are 3 Short zones that can provide the areas of resistance.

 

January highs @ .7412.

2016 50% level @ .7482

2015 level @ .7567 

 

Each of those levels will provide areas of resistance, but it would not surprise me to see the AUD actually push as high as .7567, because I always look for trends to re-test the previous breakout zones.

 

In conclusion:- the AUD is heading lower as part of the Primary Cycles for 2016, with 3 areas that will provide some resistance, as the AUD trends down towards  .6800/ .6644 BUY Zone 

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