AUDUSD Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:33 am
AUDUSD is remaining below a falling trend line on the 4-hour chart, suggesting that it is still in a downtrend from 0.6894. The recent decline has extended to as low as 0.6363. As long as the trend...

AUDUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:24 am
Once the AUDUSD currency pair reached the resistance level of the descending price channel on the 4-hour chart, it experienced a sharp decline, falling to 0.6456. The drop below the support level of 0.6496 suggests that the...

AUDUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:18 am
AUDUSD has been moving sideways within a trading range between 0.6496 and 0.6609. As long as the price remains within the falling price channel on the 4-hour chart, there is an expectation for the downside move to...

AUDUSD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:52 am
AUDUSD is contained within a falling price channel on the 4-hour chart, indicating the continuation of the downtrend from 0.6894. With the pair remaining within this channel, there is an expectation for further decline in the coming...

AUDUSD Daily Analysis – August 8, 2023

by ForexCycle.com | August 8, 2023 10:34 am
AUDUSD has broken below the support level at 0.6513, indicating the resumption of the downside move from 0.6894. With this breakdown, there is an expectation for further decline in the coming days. The next target for the...

AUDUSD Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 9:12 am
AUDUSD is in a downtrend from 0.6894, and the price action from 0.6513 can be seen as consolidation within this downtrend. It is likely that the pair will engage in range trading between the support at 0.6513...

AUDUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:55 am
AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling...

AUDUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:52 am
AUDUSD is in a downtrend from 0.6894, and the recent bounce from 0.6513 could be seen as a consolidation phase within this downtrend. It is likely that the price will range trade between 0.6513 and 0.6620 for...

AUDUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:06 am
AUDUSD has extended its downward movement from 0.6894, reaching as low as 0.6526. The analysis suggests that further decline is possible after a minor consolidation, with the next potential target area being around 0.6450. Immediate resistance can...

AUDUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:37 am
AUDUSD has breached the support level at 0.6622 and is currently approaching the next support level at 0.6594. If the price breaks below this level, it could potentially trigger further downside movement towards 0.6550, followed by 0.6450....