AUDUSD Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:55 am
AUDUSD has formed a cycle bottom at 0.9581 on daily chart. The pair is now in uptrend from 0.9581, further rise could be expected next week, and next target would be at 1.0300 area. Support is at...

AUD/USD Forecast June 15, 2012, Technical Analysis

by FX Empire | June 15, 2012 8:51 am
The AUD/USD pair rose during the Thursday session as the “risk on” attitude of the markets was boosted by the central banks out there suggesting that they were going to step in and provide liquidity for the...

AUD/USD Forecast June 14, 2012, Technical Analysis

by FX Empire | June 14, 2012 6:18 am
The AUD/USD pair attempted to rally on Wednesday, but was turned away at the parity level yet again. This area is looking more and more like a “top” to the market, and as a result we are...

AUD/USD Forecast June 13, 2012, Technical Analysis

by FX Empire | June 13, 2012 6:46 am
The AUD/USD pair had a bullish session on Tuesday as the “risk on” trade came back. Rumors of Federal Reserve easing continued to hit the markets, and as a result the “hopium” trade returned.

AUD/USD Forecast June 12, 2012, Technical Analysis

by FX Empire | June 12, 2012 6:23 am
The AUD/USD pair fell hard during the session on Monday as the “risk off” trade came back with a vengeance in the European afternoon. The parity level has served as massive resistance again, and this pair looks...

AUD/USD Forecast June 11, 2012, Technical Analysis

by FX Empire | June 11, 2012 7:23 am
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...

AUDUSD Analysis – June 10, 2012

by ForexCycle.com | June 10, 2012 4:13 am
AUDUSD failed to break below 0.9390 (Oct 4, 2011 low), and rebounds from 0.9581, suggesting that a cycle bottom has been formed on daily chart. Further rise to test 1.0150 key resistance would likely be seen next...