AUDUSD Breaks Support: Further Downturn or Bounce in Sight?

by ForexCycle.com | February 14, 2024 12:58 am
The AUDUSD pair has made a decisive move, breaking below the key support level of 0.6468 after trading sideways between 0.6468 and 0.6543. This breakdown raises questions about the pair’s future direction. Let’s dive into the technical...

AUDUSD Market Analysis: Rebound and Potential Breakout

by ForexCycle.com | February 2, 2024 11:20 am
The AUDUSD pair has shown a strong rebound after breaking below a particular level and is now faced with resistance. This article considers its potential future movements. Rebound after Breaking Below After breaching down the 0.6524 level,...

AUDUSD Market Update: Downside Movement Resumption

by ForexCycle.com | February 1, 2024 11:39 am
AUDUSD’s trend has taken yet another turn with a break below a notable support level: implications for the future of the AUDUSD trading range. Break Below the 0.6524 Support Level AUDUSD has managed to break below the...

AUDUSD Market Analysis: Navigating the Downward Trend

by ForexCycle.com | January 29, 2024 1:03 am
The AUDUSD has been experiencing an ongoing downtrend, with the potential for significant market changes in the near future. Persistence of Current Downtrend Originating from 0.6870, AUDUSD continues to remain in a downtrend. Price action within the...

AUDUSD Analysis – October 3, 2023

by ForexCycle.com | October 3, 2023 2:55 am
AUD/USD is currently approaching the key support level at 0.6330. If the price breaks below this level, it could initiate further downside momentum towards 0.6290, with the next support area being around 0.6220. Conversely, in the event...

AUDUSD Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:22 am
AUD/USD has faced rejection at the 0.6521 resistance level once again and remains in a trading range between 0.6330 and 0.6521. Given the failed breakout attempt, there is a likelihood of another decline towards the 0.6330 support...

AUDUSD Found Sellers After Elliott Wave Double Three Pattern

by elliottwave-forecast.com | September 26, 2023 4:44 pm
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of AUDUSD forex pair published in members area of the website. As our members know AUDUSD has recently...

AUDUSD Analysis – September 21, 2023

by ForexCycle.com | September 21, 2023 1:07 am
AUD/USD faced resistance at the level of 0.6521 and was unable to break above it. As a result, the price pulled back to around the 0.6420 area. Based on this price action, there is a likelihood of...