AUDUSD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:08 pm
AUDUSD’s downside movement from 0.7205 extended to as low as 0.6984. Deeper decline is still possible and next target would be at 0.6900 area. Near term resistance is at 0.7070, a break of this level could trigger...

AUDUSD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:12 am
AUDUSD is facing 0.6988 support, a breakdown below this level could signal resumption of the downtrend from 0.7205, then further decline to 0.6900 area could be seen. Near term resistance is at 0.7015, a break of this...

AUDUSD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:36 am
AUDUSD is now in the uptrend from 0.6988, further rally could be expected in a couple of days and next target would be at 0.7120 area. Near term support is at 0.7020, only break below this level...

AUDUSD Daily Analysis – April 30, 2019

by ForexCycle.com | April 30, 2019 2:49 am
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 0.7205 had completed at 0.6988 already. Further rally could be expected in the coming days and next target would be...

AUDUSD Daily Analysis – April 29, 2019

by ForexCycle.com | April 29, 2019 3:54 am
AUDUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downtrend from 0.7205 had completed at 0.6988 already, then another rise...

AUDUSD Weekly Analysis – April 28, 2019

by ForexCycle.com | April 28, 2019 1:03 pm
AUDUSD broke below the rising trend line on the daily chart, suggesting that the upside movement from 0.7003 had completed at 0.7205 already. Further decline could be expected in the coming days and next target would be...

AUDUSD Daily Analysis – April 26, 2019

by ForexCycle.com | April 25, 2019 10:23 pm
AUDUSD extended its downside movement from 0.7205 to as low as 0.6988. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – April 25, 2019

by ForexCycle.com | April 25, 2019 2:54 am
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.7205. Further decline is still possible after a minor consolidation and next target would be at 0.6950 area. Near term...

AUDUSD Daily Analysis – April 24, 2019

by ForexCycle.com | April 24, 2019 7:03 am
AUDUSD extended its downside movement from 0.7205 to as low as 0.7027. Further decline is still possible in a couple of days and next target would be at 0.6950 area. Resistance is at 0.7075, only break above...

AUDUSD Daily Analysis – April 23, 2019

by ForexCycle.com | April 23, 2019 1:44 am
AUDUSD extended its downside movement from 0.7205 to as low as 0.7121. Further decline is still possible in a couple of days and next target would be at 0.7080 area. Resistance is at 0.7170, only break above...