AUDUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:58 am
AUD/USD has recently broken below the support level at 0.6363. This breakdown suggests that further decline is likely in the coming days, with the next target potentially being in the 0.6300 area. The immediate resistance level to...

AUDUSD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:31 am
AUD/USD is currently encountering support at the 0.6363 level. If the price breaks below this support level, it could potentially trigger additional downside movement towards the 0.6300 area. On the other hand, the immediate resistance to monitor...

AUDUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:29 am
AUD/USD is currently in an uptrend from the 0.6363 level. The pair is expected to continue its rally in the coming days, with the next target set around the 0.6600 area. The immediate support level can be...

AUDUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:41 am
AUD/USD has made a significant breakthrough by surpassing the 0.6487 resistance level. This breakout indicates that the previous downward movement from 0.6894 to 0.6363 has likely concluded. As a result, it is likely to see a further...

AUDUSD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:22 am
AUDUSD is currently experiencing a sideways consolidation within a trading range bounded by 0.6363 and 0.6487. As long as the resistance level at 0.6487 remains intact, the lateral price movement can be interpreted as a consolidation phase...

AUDUSD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:31 am
AUDUSD currently finds itself in a phase of sideways consolidation, operating within the confines of a trading range established between 0.6363 and 0.6487. The critical factor to monitor in this situation is the resistance at 0.6487. As...

AUDUSD Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 11:08 am
AUDUSD has successfully breached the descending trend line on the 4-hour chart, marking the initiation of an uptrend from the 0.6363 level. Anticipated in the coming days is a continuation of the upward trajectory, with the next...

AUDUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:07 am
AUDUSD has made a significant move by breaking above the resistance of the falling trend line on the 4-hour chart. This breakout indicates that the previous downward move from 0.6894 to 0.6363 has potentially concluded. With the...

AUDUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:56 am
The AUDUSD currency pair attempted to break above the resistance provided by a falling trend line on the 4-hour chart but was unsuccessful, leading to a pullback from 0.6457. This suggests a potential continuation of the downside...

AUDUSD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 7:35 am
The AUDUSD currency pair is currently encountering resistance from a descending trend line on the 4-hour chart. A breakout above this trend line resistance would signify the completion of the downward movement from 0.6894, which terminated at...