AUD/USD Forex Report 1st August 2016

AUD/USD Primary and Weekly Cycles.

The expectation of the AUD rising up into the Yearly 50% level and then heading lower failed to eventuate even though it provided resistance for a number of weeks.

With Commodity prices rising and now consolidating above the Yearly 50% level, the AUD looks to be pushing up towards the August highs:- Random resistance 

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