AUDUSD Analysis – May 20, 2009

by ForexCycle.com | May 20, 2009 1:05 am
AUDUSD breaks above 0.7709 previous high, suggesting that the pair remains in uptrend from 0.6284. Further rally is possible to 0.8000 zone after consolidation. Near term support is now at 0.7449 followed by the rising trend line...

AUDUSD Analysis – May 16, 2009

by ForexCycle.com | May 16, 2009 3:53 am
AUDUSD might be forming a cycle top at 0.7709 level on daily chart. Pullback to test the support of the rising trend line is possible next week. However, the fall from 0.7709 is treated as consolidation of...

AUDUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:25 am
AUDUSD remains in uptrend from 0.6284. Further rise to 0.7900-0.8000 area is possible in a couple of weeks. Initial support is at 0.7500 followed by the rising trend line on daily chart, as long as the trend...

AUDUSD Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:45 am
AUDUSD breaks above 0.7322 resistance and the rise from 0.6284 extends to as high as 0.7383 level. Further rally is still possible next week and the next target would be at 0.7500-0.7600 area. Key support is now...

AUDUSD Analysis – April 25, 2009

by ForexCycle.com | April 25, 2009 4:02 am
AUDUSD remains in uptrend from 0.6284 and the price action from 0.7322 is more likely consolidation of the uptrend. Further rally is still possible to 0.7500-0.7600 area after consolidation. Key resistance is now located at 0.7322, a...

AUDUSD Analysis – April 18, 2009

by ForexCycle.com | April 18, 2009 2:35 am
AUDUSD remains in uptrend from 0.6284. Further rise is still possible to 0.7500 next week. Near term support is at 0.7032 and key support is at 0.6768, only fall below 0.6768 level will indicate that the rise...

AUDUSD Analysis – April 14, 2009

by ForexCycle.com | April 14, 2009 2:11 am
AUDUSD breaks above 0.7267 resistance. Further rise is still possible and the next target would be at 0.7800-0.8000 area. Initial support is at 0.7032, as long as this level holds, we’d expect the uptrend from 0.6284 to...

AUDUSD Analysis – April 11, 2009

by ForexCycle.com | April 11, 2009 2:24 am
Being contained by the previous high resistance at 0.7267, AUDUSD formed a sideways consolidation in a narrow range between 0.7032 and 0.7227. Further rise is still in favor after consolidation, and the next target is at 0.7500...

AUDUSD Analysis – April 4, 2009

by ForexCycle.com | April 4, 2009 3:31 pm
AUDUSD breaks above 0.7092 and reaches as high as 0.7227 level. Further rally could be seen to 0.7500 zone in next several days. Key support is located at 0.6768, below this level will indicate that the rise...

AUDUSD Analysis – April 3, 2009

by ForexCycle.com | April 3, 2009 2:28 am
AUDUSD breaks above 0.7092 level. Further rise to test the long term resistance at 0.7267 could be seen. A break above this level will signal further rise towards 0.7500. Key support is now at 0.6768, only fall...