AUDUSD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:50 am
AUDUSD’s downside movement from 0.7068 to as low as 0.6892. Further decline could be expected after a minor consolidation and next target would be at 0.6850 area. Near term resistance is at 0.6940, a break of this...

AUDUSD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:18 am
AUDUSD extended its downside movement from 0.7205 to as low as 0.6921. Further decline is still possible and next target would be at 0.6900 area. Near term resistance is at 0.6960, a break of this level could...

AUDUSD Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:02 am
AUDUSD is facing the support of the falling price channel on the 4-hour chart. Rebound could be expected in the coming days, a breakout of 0.6960 resistance could take the price to the top of the channel....

AUDUSD Daily Analysis – May 13, 2019

by ForexCycle.com | May 12, 2019 10:34 pm
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7205. As long as the price is in the channel, the downside movement could be expected to continue and next...

AUDUSD Weekly Analysis – May 11, 2019

by ForexCycle.com | May 11, 2019 2:41 pm
AUDUSD remains in the downtrend from 0.7205. Further decline would likely be seen after a minor consolidation and next target would be at 0.6900 area. Resistance is at 0.7068, only a break of this level could trigger...

AUDUSD Daily Analysis – May 10, 2019

by ForexCycle.com | May 10, 2019 3:41 am
AUDUSD remains in the downtrend from 0.7205, the price action from 0.6962 could be treated as consolidation for the downtrend. As long as the price is in the falling price channel on the 4-hour chart, the downside...

AUDUSD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:47 pm
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7205. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

AUDUSD Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:56 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7068 had completed at 0.6962 already. Further rally could be expected in a couple of days and next target would...

AUDUSD Daily Analysis – May 7, 2019

by ForexCycle.com | May 7, 2019 4:25 am
AUDUSD’s downside movement extended to as low as 0.6962. As long as the price is below the trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – May 6, 2019

by ForexCycle.com | May 6, 2019 4:37 am
AUDUSD extended its downside movement from 0.7068 to as low as 0.6962. Further decline is still possible in a couple of days and next target would be at 0.6900 area. Resistance is located at the bearish trend...