AUDUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 7:02 am
AUDUSD is currently below the descending trend line on the 4-hour chart, indicating its continued downtrend from 0.6894. The recent price action from 0.6622 is likely a period of consolidation within this downtrend. As long as the...

AUDUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:18 am
The AUDUSD pair has experienced a significant downside move, extending from 0.6894 to as low as 0.6622. As long as the price remains below the falling trend line on the 4-hour chart, there is a strong indication...

AUDUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:05 am
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...

AUDUSD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:30 am
AUDUSD has recently extended its downward trend, falling from 0.6894 to as low as 0.6622. As long as the price stays below the falling trend line on the 4-hour chart, the downside move could be expected to...

AUDUSD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:19 am
AUDUSD has recently broken above the falling trend line on the 4-hour chart, suggesting that the downside move from 0.6894 has already completed at 0.6714. This could lead to a further rally in the coming days, with...

AUDUSD Daily Analysis – July 26, 2023

by ForexCycle.com | July 26, 2023 5:46 am
AUDUSD is currently facing resistance from a falling trend line on the 4-hour chart. As long as this trend line resistance holds, the bounce from 0.6714 could be seen as a consolidation for the downtrend from 0.6894,...

AUDUSD Daily Analysis – July 25, 2023

by ForexCycle.com | July 25, 2023 8:08 am
AUDUSD has been staying below a falling trend line on the 4-hour chart, indicating that the downtrend from 0.6894 is still in place. As long as the trend line resistance holds, the downside move could be expected...

AUDUSD Daily Analysis – July 24, 2023

by ForexCycle.com | July 24, 2023 1:04 am
AUDUSD has sustained its downward move, extending from 0.6894 to reach as low as 0.6721. Market analysts and traders are closely monitoring this bearish movement, with expectations of further declines in the AUDUSD pair. The next significant...

AUDUSD Weekly Analysis – July 22, 2023

by ForexCycle.com | July 22, 2023 2:34 am
AUDUSD has been caught in a sideways consolidation phase, trading within a defined range between 0.6170 and 0.7157. Market analysts and traders are closely observing this price action, treating it as a consolidation phase within the context...

AUDUSD Daily Analysis – July 21, 2023

by ForexCycle.com | July 21, 2023 11:15 am
AUDUSD continues to face selling pressure as the currency pair extends its downside move from the recent high at 0.6894, reaching as low as 0.6743. The prevailing bearish sentiment has kept the AUDUSD under pressure, and further...