AUDUSD Weekly Analysis – July 8, 2023

by ForexCycle.com | July 8, 2023 6:21 am
The AUDUSD currency pair has been experiencing a period of sideways movement, trading within a range between 0.6170 and 0.7157. This consolidation phase suggests a pause in the long-term downtrend that originated from 0.8006. However, it is...

AUDUSD Daily Analysis – July 7, 2023

by ForexCycle.com | July 7, 2023 4:12 am
The AUDUSD currency pair is currently facing a critical support level at 0.6594. A decisive breakdown below this level could potentially lead to further downside momentum, targeting the next support at 0.6550. Traders will closely monitor price...

AUDUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:43 pm
AUDUSD encountered a significant obstacle as it failed to break above the key resistance level at 0.6720. This lack of upward momentum has resulted in a break below the support level at 0.6640, signaling potential downside pressure...

AUDUSD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:48 pm
AUDUSD has been displaying a notable upside move, extending from its recent low of 0.6594 to a high of 0.6705. The pair is now facing a key resistance level at 0.6720, which could determine the next phase...

AUDUSD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 3:44 am
AUDUSD has experienced a significant development as it broke above the falling trend line on the 4-hour chart. This breakout suggests a potential further rise in the currency pair, with the next target being the 0.6720 resistance...

AUDUSD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:26 am
The AUDUSD currency pair has been trading within a defined range, exhibiting a period of consolidation between 0.6170 and 0.7157. Traders are closely monitoring key levels and trend lines to determine potential breakout opportunities in the pair....

AUDUSD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:26 am
The AUDUSD pair has remained below a significant falling trend line on the 4-hour chart, affirming its current downtrend originating from the 0.6899 level. As long as the resistance offered by the trend line remains intact, traders...

AUDUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 2:05 am
The AUDUSD pair has encountered significant challenges in its recent price action, failing to break above the resistance of the falling trend line on the 4-hour chart. As a result, the pair has extended its downside move...

AUDUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:24 am
The AUDUSD currency pair is currently encountering a significant obstacle in the form of a resistance level represented by a falling trend line on the 4-hour chart. The pair’s recent rebound from 0.6662 is being viewed as...

AUDUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:33 am
The AUDUSD currency pair has continued its downward trajectory, extending its move from 0.6899 to as low as 0.6662. The prevailing bearish momentum suggests that further declines are still possible in the near term. The next target...