AUDUSD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:42 am
The AUDUSD currency pair has been on a steady upward trajectory, extending its upside movement from the 0.6457 level to reach as high as 0.6683. Traders are now eyeing the potential for further gains as the pair...

AUDUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 2:00 am
The AUDUSD currency pair recently experienced a significant development as it broke above a falling trend line on the 4-hour chart. This breakout suggests a shift in the pair’s momentum, indicating a potential uptrend from the low...

AUDUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:44 am
The AUDUSD currency pair has experienced a significant fall from its recent high at 0.7157, extending down to 0.6457. Market participants are now anticipating the possibility of further downside movement over the next several weeks, with the...

AUDUSD Daily Analysis – June 2, 2023

by ForexCycle.com | June 2, 2023 11:40 am
The AUDUSD currency pair has recently experienced a significant breakthrough, as it broke above the falling trend line on the 4-hour chart. This breakout suggests that the previous downside move from 0.6817 to 0.6457 has potentially come...

AUDUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:52 am
The AUDUSD currency pair has experienced an extended downward movement, reaching as low as 0.6457 from its recent peak at 0.6817. The pair remains under pressure, and market participants are closely monitoring its trajectory for potential further...

AUDUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:16 am
The AUDUSD currency pair is currently facing a critical support level at 0.6490. A breakdown below this level could potentially trigger further downside movement towards the next support area at 0.6400. Traders and investors will closely monitor...

AUDUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:54 am
The AUDUSD currency pair has remained entrenched in a persistent downtrend, originating from its peak at 0.6817. The recent bounce from 0.6490 is likely a period of consolidation within this broader downtrend. At present, AUDUSD faces a...

AUDUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:40 am
The AUDUSD currency pair has recently broken below the significant support level at 0.6560, signaling a shift in market sentiment and suggesting further downside potential over the next several weeks. This break indicates that bearish pressure has...

AUDUSD Daily Analysis – May 25, 2023

by ForexCycle.com | May 25, 2023 2:08 am
The AUDUSD currency pair has continued its downward movement, reaching as low as 0.6527 in recent trading sessions. The prevailing bearish sentiment suggests that further decline could be on the horizon, with the next target seen at...

AUDUSD Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:26 am
The AUDUSD pair has experienced a significant development as it broke below the key support level at 0.6604, signaling a resumption of the downside movement from 0.6817. This breakdown has shifted the near-term outlook for the pair,...