AUDUSD Weekly Analysis – December 23, 2018

by ForexCycle.com | December 23, 2018 3:43 am
AUDUSD extended its downside movement from 0.7393 to as low as 0.7031, facing the support level at 0.7020, a breakdown below this level could trigger further downside movement towards 0.6800. Near term resistance is at 0.7100, only...

AUDUSD Daily Analysis – December 21, 2018

by ForexCycle.com | December 21, 2018 2:19 am
AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7086 is likely consolidation for the downtrend. Resistance is at 0.7150, as long as this level holds, the downtrend could be expected to continue and next target...

AUDUSD Daily Analysis – December 20, 2018

by ForexCycle.com | December 20, 2018 2:56 am
After consolidation, AUDUSD extended its downside movement from 0.7393 to as low as 0.7087. Further decline is still possible in a couple of days next target would be at 0.7050 area. Near term resistance is at 0.7140,...

AUDUSD Daily Analysis – December 19, 2018

by ForexCycle.com | December 19, 2018 3:14 am
AUDUSD remains in the downtrend from 0.7393, the price action from 0.7178 could be treated as consolidation for the downtrend. As long as 0.7246 resistance holds, the downtrend could be expected to resume and a breakdown below...

AUDUSD Daily Analysis – December 18, 2018

by ForexCycle.com | December 18, 2018 3:33 am
AUDUSD is facing 0.7200 resistance, a break of this level would indicate that lengthier consolidation for the downtrend from 0.7393 is needed, then further rise towards 0.7246 resistance could be seen. On the downside, as long as...

AUDUSD Daily Analysis – December 17, 2018

by ForexCycle.com | December 17, 2018 3:26 am
AUDUSD broke below 0.7178 support and extended its downside movement from 0.7393 to as low as 0.7151. Further decline is still possible in the coming days and next target would be at 0.7100 area. Resistance levels are...

AUDUSD Weekly Analysis – December 16, 2018

by ForexCycle.com | December 16, 2018 6:17 am
AUDUSD broke below 0.7164 support, suggesting that the upside movement from 0.7020 had completed at 0.7393 already. Further decline is still possible next week and next target would be at 0.7050 area. Resistance is at 0.7280, a...

AUDUSD Daily Analysis – December 14, 2018

by ForexCycle.com | December 14, 2018 4:41 am
AUDUSD is facing 0.7178 support, a breakdown below this level could trigger further downside movement to 0.7100 area. Key resistance is at 0.7246, above this level would indicate that the downside movement had completed at 0.7178 already,...

AUDUSD Daily Analysis – December 13, 2018

by ForexCycle.com | December 13, 2018 1:47 am
AUDUSD continued its sideways movement in a trading range between 0.7178 and 0.7241. As long as 0.7241 resistance holds, the downtrend from 0.7393 could be expected to resume and further decline towards 0.7100 is still possible after...

AUDUSD Daily Analysis – December 12, 2018

by ForexCycle.com | December 12, 2018 2:00 am
AUDUSD stays in a narrow range between 0.7178 and 0.7241. The price action in the range is likely consolidation for the downtrend from 0.7393. As long as 0.7241 resistance holds, the downside movement could be expected to...