The Australian Dollar AUD/USD Monthly report 2nd July 2017

AUD/USD Primary & Weekly Cycles

If wrong, then price will breakout above the Weekly highs and then the week after next will form support above .7491 (Previous Report)

 Breakout of the Weekly highs and the AUD is rising towards the Yearly highs & July highs.

 Both those levels around .7785 & .7815  is still as resistance

AUD/USD Forex Monthly Report 3rd June 2017


AUD/USD Primary & Weekly Cycles 

 The key level on the AUD is .7491 Short-term is looks like it's moving down into the MAY lows, which is a random support level, simply because if it breaks that level it's going to follow a 2-month wave pattern down into the June lows (Previous Report) 

 As per previous report it looks like moving down into the June lows, using the Weekly highs as resistance and the June lows as Support. (2017 Yearly 50% level - Red)

 If wrong, then price will breakout above the Weekly highs and then the week after next will form support above .7491

AUD/USD 1st MAY 2017 Forex Monthly Report

AUD/USD PRIMARY & Weekly Cycles

AUD isn't looking robust coming into the start of MAY.

Where there was initial support around the Quarterly levels @ .74.91 for the first 2 weeks of April, it has failed to move higher and now has closed below that level at the end of the month.

The key level on the AUD is .7491

Short-term is looks like it's moving down into the MAY lows, which is a random support level, simply because if it breaks that level it's going to follow a 2-month wave pattern down into the June lows

AUD/USD Forex Report 1st April 2017

AUd/USD Primary & Weekly Cycles

The medium term bias is to go higher and reach the 2017 highs @ .7785, whilst the short term bias is to dip down into the Weekly lows.
Random Support :- .7482  /  . 7513

AUD looks to be moving higher in the 2nd Quater, as it follow the Quarterly dynamics towards the 2017 highs @ .7785 - 79

Trade on the side of  .7625

Australian Dollar USD 3rd March 2017 monthly Report

Australian Dollar/USD Dollar Primary & Weekly Cycles

AUD looks steady without providing a long term target.

The medium term bias is to go higher and reach the 2017 highs @ .7785, whilst the short term bias is to dip down into the Weekly lows.

Random Support :- .7482  /  . 7513

Australian Dollar USD 5th February 2017 Market Report

AUD Primary & Weekly highs


If the AUD moves upwards in the early part of January, I can't see it going higher than the January 50% level (Weekly highs)  Previous Report


Classic breakout of the Weekly highs and January 50% level, where there was expected resistance has completely changed the trajectory of the Aussie Dollar.

Support now resides around .7485, with an expectation that price will continue up towards the 2017 highs.

AUD/USD FOREX REPORT 2nd January 2017

AUD/USD PRIMARY & WEEKLY CYCLES

All of a sudden the AUD is looking weak with the November low breakout and price trading below the Yearly 50% level.The AUD now looks like it's going lower using the December 50% level as resistance. SELL Resistance  (5th DEC 2016)

IF AUD moves down into .7055 in the early part of January then it's a BUY.

How high will it go depends on the trailing Weekly cycle highs (GREEN), but the 2017 50% level around .7283 can slam the breaks on any rise.

If the AUD moves upwards in the early part of January, I can't see it going higher than the January 50% level (Weekly highs)

LONG TERM

AUD has all the hallmarks of moving towards the 2017 lows during this current PRIMARY cycle, it just might happen from the 2nd Quarter.

AUD/USD Forex Report 5th December 2016


                                                            AUD Primary & Weekly Cycles

 The overall trend is to continue up towards the 2017 highs, but there is random resistance around the November highs, whilst trailing support resides around the November lows @.7449 (Previous Report)

 November highs slapped the AUD lower, along with Trumps victory and his  negative attitude towards the TPP.

All of a sudden the AUD is looking weak with the November low breakout and price trading below the Yearly 50% level.

The AUD now looks like it's going lower using the December 50% level as resistance.

If the AUD fails to to head lower, but continues higher this week then the AUD will rally for the rest of the month. However trade what you see.. sell resistance.

AUD/USD Forex Report 6th November 2016

AUD/USD Primary & Weekly Cycles

The AUD continues to trade in a tight band within the Monthly ranges.

The overall trend is to continue up towards the 2017 highs, but there is random resistance around the November highs, whilst trailing support resides around the November lows @.7449

AUD/USD Forex Report 3rd October 2016

AUD/USD Primary & Weekly Cycles

AUD remains bullish as it's trading above the Yearly 50% level with .7595 being support with random resistance around the October highs @ .7775

As we can see the monthly channels are now contracting, and it's going to result in a breakout either way.

Therefore there are two plays coming into the start of the 4 quarter and final 3-month cycle.

1. continue to trend towards .8060 - 8160

2. hit .7775 stall and then revisit .7415 

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