AUDUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:54 am
The AUDUSD currency pair has remained entrenched in a persistent downtrend, originating from its peak at 0.6817. The recent bounce from 0.6490 is likely a period of consolidation within this broader downtrend. At present, AUDUSD faces a...

AUDUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:40 am
The AUDUSD currency pair has recently broken below the significant support level at 0.6560, signaling a shift in market sentiment and suggesting further downside potential over the next several weeks. This break indicates that bearish pressure has...

AUDUSD Daily Analysis – May 25, 2023

by ForexCycle.com | May 25, 2023 2:08 am
The AUDUSD currency pair has continued its downward movement, reaching as low as 0.6527 in recent trading sessions. The prevailing bearish sentiment suggests that further decline could be on the horizon, with the next target seen at...

AUDUSD Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:26 am
The AUDUSD pair has experienced a significant development as it broke below the key support level at 0.6604, signaling a resumption of the downside movement from 0.6817. This breakdown has shifted the near-term outlook for the pair,...

AUDUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:15 am
The AUDUSD currency pair has been consolidating in a narrow trading range between 0.6604 and 0.6674, as market participants assess the next potential direction. Traders are closely monitoring this range, as it provides valuable insights into the...

AUDUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:37 am
The AUDUSD currency pair remains entrenched in a persistent downtrend, with the recent bounce from 0.6604 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair navigates key...

AUDUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:59 am
The AUDUSD currency pair is currently experiencing a period of consolidation as it navigates within a defined range. Traders are closely monitoring this range, as it provides insights into the potential future direction of the pair. It...

AUDUSD Analysis – May 19, 2023

by ForexCycle.com | May 19, 2023 8:28 am
The AUDUSD pair has experienced an extended downside move, following a decline from its peak at 0.6817. Currently, the pair is testing the previous low support at 0.6573, indicating a potential bearish continuation. Traders and investors are...

AUDUSD Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:40 pm
The AUDUSD pair has witnessed a significant development as it broke below the support level at 0.6635. This break suggests that the downtrend from the previous high of 0.6817 has resumed, signaling a shift in market sentiment...

AUDUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:41 am
The AUDUSD pair has been moving within a relatively tight range, oscillating between 0.6635 and 0.6709. This consolidation phase suggests a period of indecision in the market and is likely a temporary pause in the overall downtrend...