AUDUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:38 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...

AUDUSD Daily Analysis – January 23, 2020

by ForexCycle.com | January 23, 2020 3:38 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6933 had completed at 0.6826 already. Further rally could be expected in a couple of days and next target would be...

AUDUSD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:10 am
AUDUSD extended its downside movement from 0.6933 to as low as 0.6826, breaking below 0.6848 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...

AUDUSD Daily Analysis – January 21, 2020

by ForexCycle.com | January 21, 2020 3:27 am
AUDUSD is facing 0.6848 support, a breakdown below this level could signal resumption of the downtrend from 0.7031, then next target would be at 0.6800 area. Near term resistance is at 0.6890, above this level could trigger...

AUDUSD Daily Analysis – January 20, 2020

by ForexCycle.com | January 20, 2020 3:42 am
AUDUSD moved sideways in a trading range between 0.6848 and 0.6933. As long as 0.6933 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7031, further decline to 0.6800...

AUDUSD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:07 pm
AUDUSD is now in the downtrend from 0.7031, further decline would likely be seen and a breakdown below 0.6848 support could trigger further downside movement towards 0.6700. Near term resistance is at 0.6940, only break above this...

AUDUSD Daily Analysis – January 17, 2020

by ForexCycle.com | January 17, 2020 3:29 am
AUDUSD extended its upside movement from 0.6848 to as high as 0.6933. Further rise is still possible and next target would be at 0.6960 area. Near term support is at 0.6877, a breakdown below this level could...

AUDUSD Daily Analysis – January 16, 2020

by ForexCycle.com | January 16, 2020 2:53 am
AUDUSD is facing 0.6919 resistance, a breakout of this level could trigger further upside movement from 0.6848 to 0.6950 area. Near term support is at 0.6875, a breakdown below this level would indicate that the downtrend from...

AUDUSD Daily Analysis – January 15, 2020

by ForexCycle.com | January 15, 2020 3:57 am
AUDUSD is in consolidation for the downtrend from 0.7031, another fall to test 0.6850 support would likely be seen in the coming days, a breakdown below this level could trigger further downside movement to 0.6800 area. Near...

AUDUSD Daily Analysis – January 14, 2020

by ForexCycle.com | January 14, 2020 5:07 am
AUDUSD’s upside movement from 0.6848 extended to as high as 0.6919. Further rally is still possible and next target would be at 0.6950 area. Support is at 0.6848, only a breakdown below this level could trigger another...