AUDUSD Daily Analysis – September 5, 2019

by ForexCycle.com | September 5, 2019 3:57 am
AUDUSD extended its upside movement from 0.6687 to as high as 0.6824. Further rise could be expected after a minor consolidation and next target would be at 0.6880 area. Near term support is at 0.6790, below this...

AUDUSD Daily Analysis – September 4, 2019

by ForexCycle.com | September 4, 2019 3:33 am
AUDUSD broke above the upper border of the triangle pattern on the 4-hour chart. Further rally could be expected and next target would be at 0.6820 area. Near term support is at 0.6750, a breakdown below this...

AUDUSD Daily Analysis – September 3, 2019

by ForexCycle.com | September 3, 2019 3:07 am
AUDUSD is facing the lower border of the triangle pattern on the 4-hour chart, below the pattern support could trigger further downside movement towards 0.6600. Near term resistance is at 0.6725, above this level could bring the...

AUDUSD Daily Analysis – September 2, 2019

by ForexCycle.com | September 2, 2019 1:24 am
AUDUSD is forming a triangle pattern on the 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 0.7081, a breakdown below the lower border of the triangle pattern could trigger further downside movement to...

AUDUSD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:16 pm
AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 0.7081, further decline towards...

AUDUSD Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:29 am
AUDUSD is facing the support of the lower border of the triangle pattern on the 4-hour chart, a breakdown below could take the price to 0.6600 area. On the other side, a breakout of the upper border...

AUDUSD Daily Analysis – August 29, 2019

by ForexCycle.com | August 29, 2019 3:40 am
AUDUSD formed a triangle pattern on its 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 0.7081, a breakdown below the bower border of the pattern could take the price to 0.6600 area. On...

AUDUSD Daily Analysis – August 28, 2019

by ForexCycle.com | August 28, 2019 3:31 am
AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7081, one more fall to 0.6600 is still...

AUDUSD Daily Analysis – August 27, 2019

by ForexCycle.com | August 27, 2019 5:16 am
AUDUSD failed to break below 0.6677 support and moved sideways in a trading range between 0.6677 and 0.6821. Another rise towards 0.6800 would likely be seen in the coming days. As long as 0.6821 resistance holds, the...

AUDUSD Daily Analysis – August 26, 2019

by ForexCycle.com | August 26, 2019 1:27 am
AUDUSD broke below 0.6735 support and extended its downside movement from 0.6821 to as low as 0.6688. Deeper decline to test 0.6677 support is still possible, a breakdown below could take the price to 0.6600 area. Resistance...