AUD/USD Maintains Strong Uptrend: Key Levels to Watch

by ForexCycle.com | August 28, 2024 1:55 am
The AUD/USD currency pair has continued its impressive upward momentum, extending its move from 0.6349 to a recent high of 0.6812. This sustained growth reflects positive market sentiment and suggests potential for further gains in the near...

AUD/USD Analysis: Uptrend and Key Levels to Watch

by ForexCycle.com | August 15, 2024 3:11 am
The AUD/USD pair is currently moving within a rising price channel on the 4-hour chart, indicating that the uptrend from 0.6349 remains intact. The recent pullback from 0.6642 appears to be a consolidation phase for this upward movement. Current Market Dynamics...

AUD/USD Analysis: Struggling to Maintain Gains Amid Market Volatility

by ForexCycle.com | August 8, 2024 8:39 am
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close. Recent...

AUD/USD Analysis: Awaiting Key Inflation Data

by ForexCycle.com | July 30, 2024 8:24 am
On Monday, July 29th, the Australian dollar (AUD) edged up by 0.02% against the US dollar (USD), closing at 0.6548. This slight rise comes as the AUD attempts to recover from last Friday’s low of 0.6510. The...

AUD/USD Falls Amid Weak Chinese GDP Data and Commodity Prices

by ForexCycle.com | July 17, 2024 10:31 am
On Tuesday, July 16th, the Australian dollar (AUD) fell by 0.4% against the US dollar (USD), closing at 0.6733. Earlier in the day, the pair had dropped to a low of 0.6712. This decline was driven by...

AUD/USD Continues to Rise on Fed Rate Cut Expectations

by ForexCycle.com | July 5, 2024 10:09 am
The Australian dollar (AUD) extended its gains against the US dollar (USD) on Thursday, July 4th, closing 0.3% higher at 0.6727. This marks the second consecutive day of gains for the AUD/USD pair, following a series of...

AUDUSD: Buying The Dips at the Blue Box Area

by elliottwave-forecast.com | June 13, 2024 9:15 pm
In this technical article we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex pair , published in members area of the website. As our members know, AUDUSD has recently given us...

Australian Dollar Breaks Key Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:48 am
The AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent...