AUD/USD FOREX REPORT 1ST NOVEMBER 2020

AUD PRIMARY & WEEKLY CYCLESAUD/USD PRIMARY & WEEKLY CYCLES AUD IS BACK TO THE 2020 50% LEVEL .7005:- THIS IS SEEN AS SUPPORT FOR A POTENTIAL MOVE TOWARDS THE 2021 HIGHS 0.76+ CENTS. HOWEVER, FOR THAT TO HAPPEN, WE NEED TO SEE A BREAKOUT OF THE WEEKLY HIGHS. DAILY CYCLES AREN'T ALIGNED, \AND WE COULD SEE A MOVE DOWN INTO THE NOVEMBER LOWS 0.6866

Australian Dollar AUD/USD 3rd October 2020

AUD/USD Primary & Weekly Cycles

Primary Cycles are bullish on the AUD, with a 4th Quarter target of 0.7620, but it needs to be trading above 0.72cents and the October 50% level.

A breakout of the previous Monthly lows in September and now resistance at the October 50% level, could actually see price move back down into the lows at 0.69cents and the 2020 50% level once again.

Two Key Levels

Bullish Above 0.72cents

Bearish below 0.7135/50

Australia - USD Report 4th September 2020

 

Primary & Weekly Cycles

AUD is in a breakout of the 3rd Quarter Highs  @.7203.

This suggests, it should move higher into the 4th Quarter to 0.7620+

Below 0.7272 and price will go looking for the September 50% level and monthly low at 0.7130

AUD/USD FOREX REPORT 1ST AUGUST 2020

AUD/USD FOREX REPORT

IS THE AUD GOING TO GO HIGHER?

IT'S HITTING A MAJOR RESISTANCE ZONE AROUND .7203

IT COULD POP UP INTO .7280-73, BUT KEEP AN EYE ON POTENTIAL MOVES DOWN INTO THE AUGUST 50% LEVEL MATCHED WITH THE MONTHLY LOWS AT .6935

AUD/USD FOREX REPORT 29th June 2020

AUD/USD Primary and Weekly Cycles

Back into the Yearly 50% level @ .7005 without hitting those Weekly lows 

If AUD is going higher into .72  it will remain above .68 and push upwards, as it's part of the breakout from the month of June

However, a retest of the Yearly 50% level could see a move back down and as far as .6245.

This will only be confirmed with a break of the July 50% level @ .6645

Australian US Dollar Report 30th MAY 2020

AUD Primary & Weekly Cycles

AUD is still below the 2020 lows and in a tight trading range. This is still extremely bearish if we are looking at the Primary cycles.

Can it go up towards the 2020 50% level @.70 cents?

It might take another 4 to weeks of trading before it decides to go higher.

I would actually like the AUD to move back down to the Weekly lows and then attempt to move higher from July.

A lot of resistance around next week's highs at .6743

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