AUDUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:37 am
The AUDUSD currency pair has exhibited a strong upward movement, extending from 0.6457 to reach as high as 0.6750. This surge in price indicates the potential for further upside momentum in the near term. Notably, the price...

AUDUSD Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:33 am
The AUDUSD currency pair has been experiencing a long-term downtrend, which has persisted since its peak at 0.8006. Despite a recent rebound from 0.6170, the pair remains below a significant falling trend line on the weekly chart,...

AUDUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 7:01 am
The AUDUSD currency pair recently touched the resistance level at 0.6709 and subsequently pulled back from 0.6717. This price action suggests that a period of consolidation is currently underway, following the uptrend from 0.6457. Traders should closely...

AUDUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:33 am
The AUDUSD currency pair is currently approaching a critical resistance level at 0.6709. A decisive breakout above this level could potentially trigger a further upside move, with the next target being the resistance at 0.6817. In the...

AUDUSD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:42 am
The AUDUSD currency pair has been on a steady upward trajectory, extending its upside movement from the 0.6457 level to reach as high as 0.6683. Traders are now eyeing the potential for further gains as the pair...

AUDUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:00 am
The AUDUSD currency pair recently experienced a significant development as it broke above a falling trend line on the 4-hour chart. This breakout suggests a shift in the pair’s momentum, indicating a potential uptrend from the low...

AUDUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:44 am
The AUDUSD currency pair has experienced a significant fall from its recent high at 0.7157, extending down to 0.6457. Market participants are now anticipating the possibility of further downside movement over the next several weeks, with the...

AUDUSD Daily Analysis – June 2, 2023

by ForexCycle.com | June 2, 2023 11:40 am
The AUDUSD currency pair has recently experienced a significant breakthrough, as it broke above the falling trend line on the 4-hour chart. This breakout suggests that the previous downside move from 0.6817 to 0.6457 has potentially come...

AUDUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:52 am
The AUDUSD currency pair has experienced an extended downward movement, reaching as low as 0.6457 from its recent peak at 0.6817. The pair remains under pressure, and market participants are closely monitoring its trajectory for potential further...

AUDUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:16 am
The AUDUSD currency pair is currently facing a critical support level at 0.6490. A breakdown below this level could potentially trigger further downside movement towards the next support area at 0.6400. Traders and investors will closely monitor...