AUDUSD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:50 am
AUDUSD remains in the uptrend from 0.6401, the pullback from 0.6615 is likely consolidation for the uptrend. Further rise could be expected and next target would be at 0.6700 area. Support is at 0.6500, only break below...

AUDUSD Daily Analysis – May 25, 2020

by ForexCycle.com | May 25, 2020 4:27 am
AUDUSD is facing 0.6500 support. As long as this level holds, the pullback from 0.6615 could be treated as consolidation for the uptrend from 0.6401, and another rise towards 0.6700 is possible after the consolidation. On the...

AUDUSD Daily Analysis – May 22, 2020

by ForexCycle.com | May 22, 2020 4:18 am
AUDUSD remains in the uptrend from 0.6401, the pullback from 0.6615 is likely consolidation for the uptrend. As long as 0.6500 support holds, the upside movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:29 am
AUDUSD extended its upside movement from 0.6401 to as high as 0.6615. Further rise would likely be seen and next target would be at 0.6700 area. Near term support is at 0.6500, a breakdown below this level...

AUDUSD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:42 am
AUDUSD broke above 0.6569 resistance, suggesting that the uptrend from 0.5507 (Mar 19 low) has resumed. Further rise could be expected in the coming days and next target would be at 0.6700 area. Near term support is...

AUDUSD Daily Analysis – May 19, 2020

by ForexCycle.com | May 19, 2020 1:56 am
AUDUSD continued its sideways movement in a trading range between 0.6372 and 0.6569. The price action in the range is likely consolidation for the uptrend from 0.5507 (Mar 19 low), a breakout of 0.6569 resistance could take...

AUDUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:33 am
AUDUSD is facing 0.6372 support. As long as this level holds, the sideways movement in a trading range between 0.6372 and 0.6569 could be treated as consolidation for the uptrend from 0.5507, further rise to 0.6700 area...

AUDUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as 0.6250 support holds, the upside movement could be expected to resume and further rise to 0.6900 area...

AUDUSD Daily Analysis – May 15, 2020

by ForexCycle.com | May 15, 2020 2:46 am
AUDUSD broke below the rising price channel on the 4-hour chart. Deeper decline to test 0.6372 support is possible, a breakdown below this level would indicate that the upside movement from 0.5507 (Mar 19 low) had completed...

AUDUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:37 am
AUDUSD moved sideways in a trading range between 0.6372 and 0.6569. The price action in the range is likely consolidation for the uptrend from 0.5507 (Mar 19 low). As long as the price is in the rising...