AUD/USD fresh low...test of the weekly low?

It difficult to create a scenario of a weakening US dollar when the commodity currencies are getting whacked, as we know the commodity currencies are leveraged to global growth story. They seem ripe for a big bounce at least on any “good” trade news between the US and China. Watching! Next support for Aussie is at 0.6824. The credit crunch low was made at 0.5988 on October 27th, 2018 (yikes).

010219 aud weekly.png

AUD/USD Daily: The C-Wave shown here has an A-Wave equality target of 0.6948….hmmm…

010219 aud daily.png