AUDUSD Daily Analysis – June 10, 2019

by ForexCycle.com | June 10, 2019 12:59 am
AUDUSD’s upside movement from 0.6864 extended to as high as 0.7021. Further rise is still possible and next target would be at 0.7050 area. Key support is at 0.6962, only a breakdown below this level would indicate...

AUDUSD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:17 pm
AUDUSD’s bounce from 0.6864 extended to as high as 0.7021. Further rally is still possible in a couple of weeks and next target would be at the top trend line of the price channel on the daily...

AUDUSD Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:13 am
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6898 had completed at 0.7007 already. Further decline could be expected in a couple of days and next target would...

AUDUSD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:55 am
AUDUSD’s upside movement from 0.6898 extended to as high as 0.7003. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:08 am
AUDUSD extended its upside movement from 0.6864 to as high as 0.6982. Further rise is still possible in a couple of days and next target would be at 0.7000 area. Near term support is at 0.6945, only...

AUDUSD Daily Analysis – June 3, 2019

by ForexCycle.com | June 3, 2019 2:10 am
AUDUSD broke above 0.6934 resistance, suggesting that the downside movement from 0.7205 had completed at 0.6864 already. Further rally could be expected and next target would be at 0.7000 area. Near term support is at 0.6898, only...

AUDUSD Weekly Analysis – June 2, 2019

by ForexCycle.com | June 2, 2019 3:43 am
AUDUSD broke above the resistance of the falling price channel on the daily chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.7000 would likely be seen over the next...

AUDUSD Daily Analysis – May 31, 2019

by ForexCycle.com | May 31, 2019 3:40 am
AUDUSD failed to break above 0.6934 resistance and stayed in a trading range between 0.6864 and 0.6934. As long as 0.6934 resistance holds, the price action in the range could be treated as consolidation for the downtrend...

AUDUSD Daily Analysis – May 30, 2019

by ForexCycle.com | May 30, 2019 2:39 am
AUDUSD is testing 0.6934 key resistance. A breakout of this level could take the price to 0.7000 area. On the downside, as long as 0.6934 resistance holds, the price action in the trading range between 0.6864 and...

AUDUSD Daily Analysis – May 29, 2019

by ForexCycle.com | May 29, 2019 4:58 am
AUDUSD is facing the key resistance at 0.6934. As long as this level holds, the sideways movement between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, further decline to 0.6800 area is...