The A$ Outlook

IBADTA-M 8-13-2013

We still see the A$ declining with the commodity cycle. The rise is likely after 2015.75. For now the major resistance stands at the Monthly Bullish Reversals at 12366 and 13804. The interesting aspect is that the dollar peaked on August 5th at 11299. The Daily Bearish to watch lies at 10713. A minor Daily Bearish lies at 10858. We do have a Directional Change next week.

IBADFOR-W 8-13-2013