AUDUSD Analysis – Oct 25, 2008

by ForexCycle.com | October 25, 2008 10:22 am
AUDUSD breaks below 0.6330 previous low and the downtrend from 0.9849 extends further to as low as 0.6056 level. Deeper decline is still possible to 0.5700 zone next week. Initial resistance is at 1.6500, as long as...

AUDUSD Analysis – Oct 18, 2008

by ForexCycle.com | October 18, 2008 9:38 am
AUDUSD remains in down trend. The rebound from 0.6330 is treated as correction to down trend. Deeper decline is still possible to 0.6000 zone after correction. Initial resistance is now located at 0.7425, only rise above this...

AUDUSD Analysis – Oct 11, 2008

by ForexCycle.com | October 11, 2008 10:03 am
AUDUSD breaks below 0.6775 (June 2004 low) long term support, and drops sharply to 0.6330 level. Deeper decline is still possible to 0.6000 zone next week. Initial resistance is located at 0.7150, as long as this level...

AUDUSD Analysis – Oct 4, 2008

by ForexCycle.com | October 4, 2008 9:15 am
AUDUSD breaks below 0.7802 previous low support and reaches as low as 0.7698 level. Deeper decline could be seen to 0.7500 zone next week. Near term resistance is now at 0.7900, as long as this level holds,...

AUDUSD Analysis – Oct 1, 2008

by ForexCycle.com | October 1, 2008 11:22 am
AUDUSD pulls back sharply from 0.8519 and formed a cycle top on 4-hour chart. Further fall is still possible to test 0.7802 previous low support. As long as this level holds, the fall from 0.8519 is treated...

AUDUSD Analysis – Sep 27, 2008

by ForexCycle.com | September 27, 2008 9:33 am
AUDUSD is in up trend, and the fall from 0.8519 is treated as consolidation to up trend. Initial support is at 0.8075, as long as this level holds, we’d expect up trend to resume and further rise...

AUDUSD Analysis – Sep 24, 2008

by ForexCycle.com | September 24, 2008 9:43 am
AUDUSD broke above 0.8405 key resistance, signifying that the down trend from 0.9849 has completed, and the rise from 0.7802 is now treated as resumption of up trend. Further rally towards 0.8800 is expected in next few...

AUDUSD Analysis – Sep 20, 2008

by ForexCycle.com | September 20, 2008 10:52 am
AUDUSD breaks above 0.8262 resistance and formed a cycle bottom at 0.7802 on daily chart. Further rise to test 0.8405 key resistance could be seen next week, a break of this level will indicate that the down...

AUDUSD Analysis – Sep 17, 2008

by ForexCycle.com | September 17, 2008 10:20 am
AUDUSD is in down trend and the fall from 0.9849 extends further to as low as 0.7852 level. Initial resistance is at 0.8262 and key resistance is located at 0.8405. As long as 0.8405 level holds, we’d...

AUDUSD Analysis – Sep 14, 2008

by ForexCycle.com | September 13, 2008 6:26 pm
AUDUSD rebounded from 0.7900 and is testing the resistance of the down trend line. Break of the trend line resistance will signal further rally to test the key resistance at 0.8353 level. As long as 0.8353 resistance...