AUDUSD Daily Analysis – July 20, 2023

by ForexCycle.com | July 20, 2023 12:27 am
AUDUSD has experienced a significant break below the rising price channel on the 4-hour chart, indicating a potential shift in market sentiment. The recent break suggests that the upside move that began from 0.6594 has likely concluded...

AUDUSD Daily Analysis – July 19, 2023

by ForexCycle.com | July 19, 2023 1:20 am
AUDUSD is currently at a crucial juncture as it faces the support of a rising price channel on the 4-hour chart. This critical level will be closely watched by traders, as it could determine the future direction...

AUDUSD Daily Analysis – July 18, 2023

by ForexCycle.com | July 18, 2023 7:34 am
AUDUSD has been displaying a solid uptrend, remaining within a rising price channel on the 4-hour chart since its climb from 0.6594. The consistent presence within this channel is a positive sign for traders, as it suggests...

AUDUSD Daily Analysis – July 17, 2023

by ForexCycle.com | July 17, 2023 9:15 am
The AUDUSD pair has entered a consolidation phase after breaking below the key support level at 0.6845. This suggests a temporary pause in the uptrend that originated from 0.6594. Traders should anticipate range-bound trading between the levels...

AUDUSD Weekly Analysis – July 15, 2023

by ForexCycle.com | July 15, 2023 3:48 am
The AUDUSD pair has been engaged in a sideways movement, oscillating within the range of 0.6170 and 0.7157. This consolidation phase comes after a long-term downtrend from 0.8006, suggesting that the pair is taking a breather before...

AUDUSD Daily Analysis – July 14, 2023

by ForexCycle.com | July 14, 2023 12:10 pm
The AUDUSD currency pair has been steadily climbing, with its current price approaching a crucial resistance level at 0.6899, representing the previous high. Traders are closely watching for a potential breakout above this level, which could ignite...

AUDUSD Daily Analysis – July 13, 2023

by ForexCycle.com | July 13, 2023 2:10 am
The AUDUSD currency pair has continued its upward move, extending from 0.6594 to reach as high as 0.6801. However, it has encountered a significant resistance level at 0.6805. Traders and analysts closely watch this level as a...

AUDUSD Daily Analysis – July 12, 2023

by ForexCycle.com | July 12, 2023 9:06 am
The AUDUSD currency pair has made a significant breakthrough, surpassing the key resistance level at 0.6720. This upward move has ignited optimism among traders and analysts, who anticipate further gains in the near future. With the next...

AUDUSD Daily Analysis – July 11, 2023

by ForexCycle.com | July 11, 2023 3:17 am
The AUDUSD currency pair has maintained its sideways movement, trading within a defined range between 0.6594 and 0.6720. Traders are patiently waiting for a decisive breakout to provide clarity on the pair’s next direction. Currently, the price...

AUDUSD Daily Analysis – July 10, 2023

by ForexCycle.com | July 10, 2023 4:47 am
The AUDUSD currency pair has been trading within a defined range between 0.6594 and 0.6720 in recent sessions. Despite several attempts, the pair failed to break above the resistance level at 0.6720, suggesting a potential downside move...