AUDUSD Daily Analysis – February 20, 2020

by ForexCycle.com | February 20, 2020 2:01 am
AUDUSD extended its downside movement from 0.6749 to as low as 0.6665, facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of...

AUDUSD Daily Analysis – February 19, 2020

by ForexCycle.com | February 19, 2020 2:59 am
AUDUSD is facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of this level could bring the price back towards the top...

AUDUSD Daily Analysis – February 18, 2020

by ForexCycle.com | February 18, 2020 3:09 am
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749. Further decline would likely be seen and next target would be at 0.6600 area. Near term resistance...

AUDUSD Daily Analysis – February 17, 2020

by ForexCycle.com | February 17, 2020 3:32 am
AUDUSD is testing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the price action from 06678 could be treated as consolidation for the downtrend from 0.7031, further...

AUDUSD Weekly Analysis – February 16, 2020

by ForexCycle.com | February 16, 2020 2:11 pm
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:43 am
AUDUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, another fall towards 0.6600 could be expected. On the upside, a breakout of the channel resistance...

AUDUSD Daily Analysis – February 13, 2020

by ForexCycle.com | February 13, 2020 3:19 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7031. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

Elliott Wave View: AUDUSD in 3 Waves Correction

by elliottwave-forecast.com | February 12, 2020 4:02 pm
Short term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2...

AUDUSD Daily Analysis – February 12, 2020

by ForexCycle.com | February 12, 2020 3:45 am
AUDUSD extended its upside movement from 1.6661 to as high as 0.6737, breaking above 0.6710 resistance. Further rise would likely be seen and next target would be at 0.6760 area. Near term support is at 0.6695, a...

AUDUSD Daily Analysis – February 11, 2020

by ForexCycle.com | February 11, 2020 3:50 am
AUDUSD is facing 0.6710 resistance, a break of this level could trigger another rise towards 0.6760. On the downside, as long as 0.6710 resistance holds, the downtrend from 0.7031 could be expected to continue and next target...