AUDUSD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:02 am
AUDUSD broke above 0.6213 resistance, suggesting that the uptrend from 0.5507 has resumed. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and...

AUDUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:23 am
AUDUSD is facing 0.6213 resistance, a breakout of this level could signal resumption of the uptrend from 0.5507, then next target would be at 0.6400 area. Near term support is at 0.6070, a breakdown below this level...

AUDUSD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:16 am
AUDUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.6213 had completed at 0.5979 already. Further rally would likely be seen and next target would be at 0.6213 resistance,...

AUDUSD Daily Analysis – April 6, 2020

by ForexCycle.com | April 6, 2020 12:39 am
AUDUSD remains in the downtrend from 0.6213 and the fall extended to as low as 0.5979. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6075, only...

AUDUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:10 am
AUDUSD rebounded strongly from 0.5507, suggesting that the downside movement from 0.7031 had completed. Further rally would likely be seen and a breakout of 0.6213 resistance could trigger further upside movement towards the falling trend line on...

AUDUSD Daily Analysis – April 3, 2020

by ForexCycle.com | April 3, 2020 1:21 am
AUDUSD extended its downside movement from 0.6213 to as low as 0.6006. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6140, only break above this level...

AUDUSD Daily Analysis – April 2, 2020

by ForexCycle.com | April 2, 2020 2:11 am
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6213 already. Deeper decline would likely be seen and next target would be at 0.5900 area....

AUDUSD Daily Analysis – April 1, 2020

by ForexCycle.com | April 1, 2020 2:39 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the trend line support holds, the upside movement could be expected to continue and next target...

AUDUSD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:56 am
AUDUSD remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 0.6199 could be treated as consolidation for the uptrend and further rise...

AUDUSD Daily Analysis – March 30, 2020

by ForexCycle.com | March 30, 2020 3:20 am
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...