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AUD Time Cycle: AUD/USD, AUD/JPY, AUD/CHF Key Levels
Time-cycle analysis suggests the AUD/USD exchange rate is poised to extend it 5-month surge from the lows of March. AUD/JPY perched precariously above key support after falling over 3% from the yearly high. AUD/CHF rates carving out a Bullish Pennant formation just shy of the yearly high. Is a topside break on the cards? The Australian Dollar’s 33% surge from the March doldrums may prove to be the start of a prolonged period of strength against its US Dollar counterpart, as the break above long-term trend resistance hints a cyclical upturn is a foot. chart The chart above highlights the cyclical nature seen in ... (full story)