AUDUSD Daily Analysis – May 28, 2019

by ForexCycle.com | May 28, 2019 3:58 am
AUDUSD is testing the resistance at 0.6934, as long as this level holds, the price action in the trading range between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, another fall towards...

AUDUSD Daily Analysis – May 27, 2019

by ForexCycle.com | May 27, 2019 3:57 am
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.6960 would likely be seen in the...

AUDUSD Weekly Analysis – May 26, 2019

by ForexCycle.com | May 26, 2019 6:44 am
AUDUSD stays in a falling price channel on the daily chart and remains in the downtrend from 0.7205. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend,...

AUDUSD Daily Analysis – May 24, 2019

by ForexCycle.com | May 24, 2019 4:37 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7068. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – May 23, 2019

by ForexCycle.com | May 23, 2019 2:59 am
AUDUSD is facing 0.6864 support, a breakdown below this level could trigger further downside movement towards 0.6800. Near term resistance is at 0.6895, above this level could bring the price back towards the top of the price...

AUDUSD Daily Analysis – May 22, 2019

by ForexCycle.com | May 22, 2019 2:54 am
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.7068. Further decline could be expected and next target would be at 0.6800...

AUDUSD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:04 am
AUDUSD is facing the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend from 0.7068, one...

AUDUSD Daily Analysis – May 20, 2019

by ForexCycle.com | May 20, 2019 1:41 am
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7068. As long as the channel resistance holds, the bounce from 0.6864 could be treated as consolidation for the downtrend....

AUDUSD Weekly Analysis – May 19, 2019

by ForexCycle.com | May 19, 2019 1:25 pm
AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

AUDUSD Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:44 am
AUDUSD extended its downside movement from 0.7068 to as low as 0.6886. Further decline is still possible after a minor consolidation and next target would be at 0.6850 area. Near term resistance is at 0.6940, only break...