AUDUSD Analysis – Jul 2, 2008

by ForexCycle.com | July 1, 2008 8:52 pm
AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline...

AUDUSD Analysis – Jun 28, 2008

by ForexCycle.com | June 27, 2008 8:40 pm
AUDUSD’s up trend remains. Further rise above 0.9653 resistance to reach next cycle top on daily chart is still in favor. Initial support is at 0.9450 and key support is at 0.9327, only break down below this...

AUDUSD Analysis – Jun 25, 2008

by ForexCycle.com | June 24, 2008 7:17 pm
No changed in our view, AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise to 0.9800 area is now in favor. Key support is at 0.9327, only break down below this level will indicate...

AUDUSD Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:37 pm
AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise above 0.9653 previous high resistance is now in favor. Key support is now at 0.9327, only break down below this level will indicate lengthier consolidation...

AUDUSD Analysis – Jun 18, 2008

by ForexCycle.com | June 17, 2008 7:09 pm
AUDUSD is in consolidation to up trend. Further fall to test 0.9275 support is still possible in next few days, a break below this level will signal reversal to up trend. As long as 0.9275 support holds,...

AUDUSD Analysis – Jun 14, 2008

by ForexCycle.com | June 14, 2008 12:40 am
AUDUSD broke below the up trend line from 0.8953 to 0.9291. Deeper decline to test 0.9275 level is still possible next week. As long as 1.9275 support holds, we’d expect up trend to resume and rise above...

AUDUSD Analysis – Jun 11, 2008

by ForexCycle.com | June 10, 2008 9:01 pm
AUDUSD is testing the support of up trend line from 0.8953 to 0.9291. If the trend line support gives way, deeper decline could be seen to retest 1.9275. As long as 1.9275 support holds, we’d expect up...

AUDUSD Analysis – Jun 7, 2008

by ForexCycle.com | June 6, 2008 9:29 pm
AUDUSD traded in range between 0.9486 and 0.9653. A break of 0.9653 will signal resumption of up trend, and further rise to 0.9800 area to reach the next cycle top on daily chart is expected to follow....

AUDUSD Analysis – Jun 4, 2008

by ForexCycle.com | June 3, 2008 7:05 pm
AUDUSD is in correction to up trend. Further pullback to test the up trend line from 0.8953 to 0.9291 is possible in a couple of days. As long as the trend line support holds, we’d expect up...

AUDUSD Analysis – May 31, 2008

by ForexCycle.com | May 30, 2008 7:43 pm
No changed in our view, AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation and a break of 0.9653 level will...