Sponsors

AUDUSD Analysis - June 23, 2012

Long Term Forex Analysis | by ForexCycle.com | Saturday, 23 June 2012 13:24 UTC
AUDUSD may be forming a cycle top at 1.0223 on daily chart. Further decline would likely be seen next week, and next target would be at 0.9850 area. However, the fall from 1.0223 would possibly be consolidation of the uptrend from 0.9581, another rise towards 1.0700 is still possible after consolidation.

For long term analysis, AUDUSD may be forming a cycle bottom at 0.9581 on weekly chart. Further rise towards 1.0800 is expected over the next several months.

audusd daily chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.