You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
AUDUSD – new minimum of 20 week cycle rising.
Tracking the next 40 day cycle peak.
The 17 August price low is at least a 20 week cycle trough and this cycle is now rising and informing the broader uptrend. We are tracking the first 40 day cycle out of this towards the blue target box just after mid-September. We are expecting a shallow price slump into the 20 day cycle trough this week and then a rebound and upside penetration of the 40 day FLD. The projection out of this crossover is for 0.66, but we have put a more conservative lower boundary to the blue target box (the falling 20 day VTL).
This post was first published on Hurst Cycles Notes.
