AUDUSD Daily Analysis – March 27, 2020

by ForexCycle.com | March 27, 2020 2:23 am
AUDUSD’s upside movement from 0.5507 extended to as high as 0.6039. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue, and next target...

AUDUSD Daily Analysis – March 26, 2020

by ForexCycle.com | March 26, 2020 5:15 am
AUDUSD extended its upside movement from 0.5507 to as high as 0.6073. Further rally would likely be seen in a couple of days and next target would be at 0.6200 area. Near term support is at the...

AUDUSD Daily Analysis – March 25, 2020

by ForexCycle.com | March 25, 2020 1:09 am
AUDUSD is testing 0.5985 resistance, a break of this level could trigger further upside movement towards 0.6200. Near term support is at 0.5650, a breakdown below this level could bring the price back towards 0.5507 support.

AUDUSD Daily Analysis – March 24, 2020

by ForexCycle.com | March 24, 2020 2:31 am
AUDUSD is facing 0.5985 resistance, a break of this level could signal resumption of the uptrend from 0.5507, then further rise towards 0.6200 could be seen. Near term support is at 0.5650, only break below this level...

AUDUSD Daily Analysis – March 23, 2020

by ForexCycle.com | March 23, 2020 3:34 am
AUDUSD is now in the uptrend from 0.5507, the pullback from 0.5985 is likely corrective consolidation for the uptrend. Further rise could be expected after the consolidation, and a break of 0.5985 resistance could trigger further upside...

AUDUSD Weekly Analysis – March 22, 2020

by ForexCycle.com | March 22, 2020 9:50 am
AUDUSD’s downside movement from 0.7031 extended to as low as 0.5507. Further decline is still possible after consolidation and next target would be at 0.5000 area. Near term resistance is at 0.6000, a break of this level...

AUDUSD Daily Analysis – March 20, 2020

by ForexCycle.com | March 20, 2020 4:39 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6684 had completed at 0.5507 already. Further rally could likely be seen in the coming days and next target would...

AUDUSD Daily Analysis – March 18, 2020

by ForexCycle.com | March 18, 2020 4:09 am
AUDUSD extended its downside movement from 0.6684 to as low as 0.5958. Further decline is still possible after a minor consolidation and next target would be at 0.5900 area. Near term resistance is at 0.6060, a break...

AUDUSD Daily Analysis – March 17, 2020

by ForexCycle.com | March 17, 2020 4:11 am
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6684. As long as the trend line resistance holds, the downside could be expected to continue and next target would...

AUDUSD Daily Analysis – March 16, 2020

by ForexCycle.com | March 16, 2020 1:54 am
AUDUSD extended its downside movement from 0.6684 to as low as 0.6094. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...