Australian Dollar Consolidates Within Bullish Channel

by ForexCycle.com | May 13, 2024 12:47 pm
The AUDUSD currency pair has failed to break below the rising price channel support visible on the 4-hour chart. Instead, the pair has been trading sideways in a range between 0.6557 and 0.6646 over the past several...

Elliott Wave Expects $AUDUSD to Break Higher

by elliottwave-forecast.com | May 10, 2024 3:35 pm
Short Term Elliott Wave in AUDUSD suggests the pullback to 0.636 ended wave (2). The pair has turned higher in wave (3) with internal subdivision in 5 waves in lesser degree. Up from wave (2), wave (i)...

Australian Dollar Surges Higher, But Consolidation May Be Ahead

by ForexCycle.com | May 6, 2024 3:53 am
The AUDUSD currency pair has broken out above the 0.6586 resistance level, extending its impressive upside move from the 0.6361 low to a high of 0.6646 in recent trading sessions. The pair is now trading within the...

AUDUSD Climbs: Uptrend in Play or Correction Unfolding?

by ForexCycle.com | April 30, 2024 4:03 am
AUDUSD has been on the rise, extending its gains from recent lows. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Stages Rally: Upside Targets in Focus: Support Levels to Consider:...

AUDUSD on the Rise: Correction or Trend Reversal?

by ForexCycle.com | April 25, 2024 3:40 am
AUDUSD has displayed renewed strength, extending its recent gains. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Stages Rally: Upside Potential and Targets: Support Levels to Consider: Overall Sentiment: The...

AUDUSD Slides Lower: Downtrend Deepening or Short-Term Dip?

by ForexCycle.com | April 17, 2024 2:48 am
AUDUSD has displayed renewed weakness, extending its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Extends Downtrend: Downside Momentum Persists: Signs of a Correction? Upside Scenario if Resistance...

AUDUSD Slides: Downtrend Deepening or Rebound on the Horizon?

by ForexCycle.com | March 20, 2024 3:08 am
AUDUSD has continued its recent decline, reaching a new low point. This analysis examines the technical situation and explores potential scenarios for the currency pair. Downward Trend Gains Traction: Looking for Signs of a Reversal: Overall Sentiment:...

AUDUSD Tumbles Below Support: Uptrend Over or Temporary Dip?

by ForexCycle.com | March 18, 2024 2:55 am
AUDUSD has displayed a fresh wave of decline, breaking below a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair. Downside Move Gains Momentum: Further Decline Expected: Signs of...

AUDUSD Uptrend Takes a Breather: Correction or Reversal?

by ForexCycle.com | March 13, 2024 5:04 am
AUDUSD has displayed a recent pullback after a strong uptrend, prompting a closer look at the technical situation. This analysis explores the potential scenarios for the currency pair. Uptrend Intact, But Correction Likely: Key Levels to Watch:...

AUDUSD Charges Higher: Uptrend in Motion, But Can It Hold?

by ForexCycle.com | March 7, 2024 11:49 pm
AUDUSD has been on a bullish run, climbing from 0.6477 and reaching new highs. This analysis examines the technical outlook and explores potential scenarios for the currency pair. Uptrend in Control: Support Levels to Watch: Overall Sentiment:...