AUDUSD Analysis – Sep 10, 2008

by ForexCycle.com | September 9, 2008 7:21 pm
AUDUSD’s down trend remains and the fall from 0.9849 extends further to as low as 0.7981 level. Deeper decline is still possible in a couple of weeks, and target would be at 0.7800 zone. Initial resistance is...

AUDUSD Analysis – Sep 6, 2008

by ForexCycle.com | September 5, 2008 8:41 pm
AUDUSD breaks below the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low). Deeper decline is still possible to 0.7800 zone in a couple of weeks. Initial resistance is at...

AUDUSD Analysis – Sep 3, 2008

by ForexCycle.com | September 2, 2008 8:00 pm
AUDUSD’s down trend extends further to as low as 0.8269 level. Further fall to test the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low), now at 0.8195 level. If...

AUDUSD Analysis – Aug 30, 2008

by ForexCycle.com | August 29, 2008 6:49 pm
AUDUSD is in down trend, and rebound from 0.8493 is treated as consolidation to down trend. Further fall is still possible to 0.8400 level after consolidation. Key resistance is now located at 0.8812, break above this level...

AUDUSD Analysis – Aug 27, 2008

by ForexCycle.com | August 26, 2008 7:37 pm
AUDUSD’s down trend resumed and the fall from 0.9849 extended further to as low as 0.8493 level. Deeper decline is still possible to 0.8400 level in a couple of days. Key resistance is now located at 0.8812,...

AUDUSD Analysis – Aug 24, 2008

by ForexCycle.com | August 23, 2008 7:59 pm
AUDUSD traded in a range between 0.8591 and 0.8812. Deeper decline to test 0.8512 (Jan 22 low) support is still possible after breaking below 0.8591 level. If 0.8512 support gives way, next target would be at 0.8200....

AUDUSD Analysis – Aug 20, 2008

by ForexCycle.com | August 19, 2008 9:09 pm
AUDUSD formed a sideways consolidation in a narrow range between 0.8591 and 0.8795. Further fall is expected to test 0.8512 (Jan 22 low) support after consolidation. Initial resistance is located at 0.8795 followed by 0.8890, as long...

AUDUSD Analysis – Aug 16, 2008

by ForexCycle.com | August 15, 2008 7:44 pm
AUDUSD is in down trend and dropped sharply from 0.9849 to 0.8591 level. Further fall to test 0.8512 (Jan 22 low) support is possible next week. Initial resistance is now at 0.8890, as long as this resistance...

AUDUSD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:02 pm
AUDUSD dropped sharply from 0.9849 to as low as 0.8666 level. Further fall to test 0.8512 (Jan 22 low) support is possible in next few days. Initial resistance is located at 0.8955 level, and as long as...

AUDUSD Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:44 pm
AUDUSD broke below 0.8953 (Mar 20 low) previous low support and reached as low as 0.8866 level. Further fall to 0.8700 to reach next cycle bottom on daily chart is still possible next week and the next...