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Australian Dollar Time Cycle: AUD/USD Rates Poised to Push Higher – DailyFX
The Australian Dollar may extend its recent 5-month surge against its US counterpart as time-cycle analysis suggests a bullish 8-year rotation is afoot.
Australian Dollar, AUD/USD, Cycle Analysis, Technical Analysis Talking Points:
- Time-cycle analysis indicates that the Australian Dollar may outperform its US counterpart over the medium to long-term
- AUD/USD testing key downtrend as technical indicators surge to multi-year highs.
The Australian Dollar appears poised to extend a 5-month surge against its US counterpart, after setting a key bottom, and fresh 17-year low, in March (0.5506).
AUD/USD Monthly Chart Cyclical …
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