AUDUSD Daily Analysis – February 11, 2020

by ForexCycle.com | February 11, 2020 3:50 am
AUDUSD is facing 0.6710 resistance, a break of this level could trigger another rise towards 0.6760. On the downside, as long as 0.6710 resistance holds, the downtrend from 0.7031 could be expected to continue and next target...

AUDUSD Daily Analysis – February 10, 2020

by ForexCycle.com | February 10, 2020 3:26 am
AUDUSD broke below 0.6678 support, suggesting that the downtrend from 0.7031 has resumed. Further decline could be expected after a minor consolidation and next target would be at 0.6600 area. Near term resistance is at 0.6710, a...

AUDUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:36 am
AUDUSD extended its downside movement from 0.7031 to as low as 0.6661, breaking below 0.6670 support. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected...

AUDUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:40 am
AUDUSD failed to break above 0.6777 resistance and moved sideways in a trading range between 0.6678 and 0.6777. As long as 0.6777 resistance holds, the price action in the range could be treated as consolidation for the...

AUDUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:21 am
AUDUSD is facing 0.6777 resistance. As long as this level holds, the bounce from 0.6678 could be treated as consolidation for the downtrend from 0.7031, another fall to 0.6600 area is possible after the consolidation, only break...

AUDUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:23 am
AUDUSD is in consolidation for the downtrend from 0.7031. Range trading between 0.6678 and 0.6777 would likely be seen over the next several days. As long as 0.6777 resistance holds, the downtrend could be expected to resume,...

AUDUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:09 am
AUDUSD broke above the top of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7031 is underway. Further rally would likely be seen and the target would be at 0.6780 area....

AUDUSD Daily Analysis – February 3, 2020

by ForexCycle.com | February 3, 2020 4:18 am
AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.6933. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

AUDUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:41 pm
AUDUSD is facing 0.6670 support, a breakdown below this level could trigger further downside movement to 0.6450 area. Resistance is located at the falling trend line on the daily chart, only a breakout of the trend line...

AUDUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:49 am
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6699. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target...