AUDUSD Analysis – Dec 17, 2008

by ForexCycle.com | December 17, 2008 10:04 am
AUDUSD is testing the key resistance at 0.7014, a break above this level will indicate that the downtrend from 0.9849 (July 15 high) has completed, and then the following up trend will bring price back to 0.7800...

AUDUSD Analysis – Dec 13, 2008

by ForexCycle.com | December 13, 2008 11:57 am
AUDUSD continues to sideways consolidation in a range between 0.6008 and 0.7014. further rise to test 0.7014 resistance is possible next week. A break above this level will indicate that the down trend from 0.9849 (July 15...

AUDUSD Analysis – Dec 6, 2008

by ForexCycle.com | December 6, 2008 10:35 pm
AUDUSD stays in the trading range between 0.6008 and 0.7014. Further rebound is still possible to test 0.7014 resistance in next several days. A break above this level will indicate that the down trend from 0.9849 (July...

AUDUSD Analysis – Nov 30, 2008

by ForexCycle.com | November 30, 2008 11:27 am
Being contained by the previous low support at 0.6008, AUDUSD rebounds from 0.6075 level, suggesting that the pair is back to range trading between 0.6008 and 0.7014. Further rise is expected to test 0.7014 resistance in next...

AUDUSD Analysis – Nov 22, 2008

by ForexCycle.com | November 22, 2008 9:11 pm
AUDUSD formed a cycle top at 0.7014 level, and the fall from 0.7014 is now treated as resumption of down trend. Further fall could be seen to 0.5500 zone in next several days. Key resistance is located...

AUDUSD Analysis – Nov 15, 2008

by ForexCycle.com | November 15, 2008 11:36 am
No changed in our view, AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 previous low support, a break down below this level will signal deeper decline towards 0.5500 zone....

AUDUSD Analysis – Nov 13, 2008

by ForexCycle.com | November 13, 2008 10:27 am
AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 support, a break down below this level will signal deeper decline towards 0.5500 zone. Key resistance is now located at 0.7014,...

AUDUSD Analysis – Nov 8, 2008

by ForexCycle.com | November 8, 2008 10:11 pm
AUDUSD formed a cycle bottom at 0.6008 on daily chart. Further rise to test 0.7238 resistance is still possible next week. As long as this level holds, the rise from 0.6008 is treated as consolidation to down...

AUDUSD Analysis – Nov 1, 2008

by ForexCycle.com | November 1, 2008 10:23 am
AUDUSD is forming a sideways consolidation in a range between 0.6008 and 0.7238. As long as 0.7238 resistance holds, we’d expect down trend to resume and deeper decline is still possible to 0.5700 zone. However, above 0.7238...

AUDUSD Analysis – Oct 29, 2008

by ForexCycle.com | October 29, 2008 10:07 am
AUDUSD remains in down trend, and the rise from 0.6008 is treated as correction to down trend. Further rise to test the key resistance at 0.7238 is possible. As long as this level holds, we’d expect down...