AUDUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:53 am
AUDUSD continued its sideways movement in a trading range between 0.6372 and 0.6569. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for...

AUDUSD Daily Analysis – May 12, 2020

by ForexCycle.com | May 12, 2020 4:25 am
AUDUSD failed to break above 0.6569 resistance and pulled back from 0.6561. As long as the price is in the rising price channel on the 4-hour chart, the price action in the trading range between 0.6372 and...

AUDUSD Daily Analysis – May 11, 2020

by ForexCycle.com | May 10, 2020 11:00 pm
AUDUSD is facing 0.6569 resistance, a breakout of this level could trigger further upside movement towards 0.6600. near term support is at 0.6485, a breakdown below this level could bring the price back towards the bottom of...

AUDUSD Weekly Analysis – May 10, 2020

by ForexCycle.com | May 10, 2020 3:05 am
AUDUSD is now in the uptrend from 0.5507. As long as 0.6250 support holds, the upside movement could be expected to continue and next target would be at 0.6800 area. On the downside, a breakdown below 0.6250...

AUDUSD Daily Analysis – May 8, 2020

by ForexCycle.com | May 8, 2020 1:49 am
AUDUSD broke above 0.6475 resistance, suggesting that the uptrend from 0.5507 has resumed. Further rise could be expected in the coming days and next target would be at 0.6600 area. Key support is at 0.6372, only break...

AUDUSD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:06 am
No changed in our view, AUDUSD remains in the downtrend from 0.6569, the price action from 0.6372 is likely consolidation for the downtrend. A breakdown below 0.6372 support would indicate that the downtrend has resumed, then next...

AUDUSD Daily Analysis – May 6, 2020

by ForexCycle.com | May 6, 2020 1:25 am
AUDUSD remains in the downtrend from 0.6569. As long as 0.6500 resistance holds, the downside movement could be expected to continue and next target would be at 0.6250 area. On the upside, a breakout of 0.6500 resistance...

AUDUSD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:32 am
AUDUSD is now in the downtrend from 0.6569. Further decline would likely be seen after consolidation and next target would be at 0.6250 area. Resistance is at 0.6500, only break above this level could trigger another rise...

AUDUSD Daily Analysis – May 4, 2020

by ForexCycle.com | May 4, 2020 1:31 am
AUDUSD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6569 already. Further decline would likely be seen and next target would be at 0.6300 area....

AUDUSD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:39 am
AUDUSD broke above the falling trend line on the daily chart. Further rally would likely be seen after consolidation and next target would be at 0.6800 area. Key support is at 0.6250, only break below this level...