AUDUSD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:08 am
AUDUSD broke below 0.6480 support, suggesting that the short-term uptrend from 0.6253 had completed at 0.6569 already. Deeper decline could be seen and the target would be at the bottom of the price channel on the 4-hour...

AUDUSD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:35 am
AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558. Further rise is still possible in a couple of days and next target would be at 0.6650 area. Near term support is at 0.6480, below this...

AUDUSD Daily Analysis – April 29, 2020

by ForexCycle.com | April 29, 2020 3:41 am
AUDUSD extended its upside movement from 0.6253 to as high as 0.6529. Further rise would likely be seen and next target would be at 0.6650 area. Near term support is at 0.6460, a breakdown below this level...

AUDUSD Daily Analysis – April 28, 2020

by ForexCycle.com | April 28, 2020 1:08 am
AUDUSD broke above 0.6444 resistance, suggesting that the upside movement from 0.5507 has resumed. Further rise could be expected in a couple of days and next target would be at 0.6600 area. Near term support is at...

AUDUSD Daily Analysis – April 27, 2020

by ForexCycle.com | April 27, 2020 2:05 am
AUDUSD is facing 0.6444 resistance. As long as the price is in the rising price channel on the 4-hour chart, the upside movement from 0.5507 could be expected to continue and next target would be at 0.6600...

AUDUSD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:38 am
AUDUSD is testing the resistance at the falling trend line on the daily chart. A breakout of the trend line resistance could take the price to 0.6800 area. Near term support is at 0.6200, a breakdown below...

AUDUSD Daily Analysis – April 24, 2020

by ForexCycle.com | April 24, 2020 2:29 am
AUDUSD moved sideways in a trading range between 0.6253 and 0.6444. As long as the price is in the rising channel on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from...

AUDUSD Daily Analysis – April 23, 2020

by ForexCycle.com | April 23, 2020 1:41 am
AUDUSD failed to break below the bottom of the price channel on the 4-hour chart and rebounded from 0.6253, suggesting that the pair remains in the uptrend from 0.5507, and the pullback from 0.6444 could be treated...

AUDUSD Daily Analysis – April 22, 2020

by ForexCycle.com | April 22, 2020 1:06 am
AUDUSD broke below 0.6263 support, deeper decline is still possible and next target would be at bottom of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 0.6444...

AUDUSD Daily Analysis – April 21, 2020

by ForexCycle.com | April 21, 2020 2:03 am
AUDUSD continued its sideways movement in a trading range between 0.6263 and 0.6444. The price action in the range is likely consolidation for the uptrend from 0.5507, another rise to 0.6600 area would likely be seen after...