AUDUSD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:31 am
AUDUSD currently finds itself in a phase of sideways consolidation, operating within the confines of a trading range established between 0.6363 and 0.6487. The critical factor to monitor in this situation is the resistance at 0.6487. As...

AUDUSD Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 11:08 am
AUDUSD has successfully breached the descending trend line on the 4-hour chart, marking the initiation of an uptrend from the 0.6363 level. Anticipated in the coming days is a continuation of the upward trajectory, with the next...

AUDUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:07 am
AUDUSD has made a significant move by breaking above the resistance of the falling trend line on the 4-hour chart. This breakout indicates that the previous downward move from 0.6894 to 0.6363 has potentially concluded. With the...

AUDUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:56 am
The AUDUSD currency pair attempted to break above the resistance provided by a falling trend line on the 4-hour chart but was unsuccessful, leading to a pullback from 0.6457. This suggests a potential continuation of the downside...

AUDUSD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 7:35 am
The AUDUSD currency pair is currently encountering resistance from a descending trend line on the 4-hour chart. A breakout above this trend line resistance would signify the completion of the downward movement from 0.6894, which terminated at...

AUDUSD Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:33 am
AUDUSD is remaining below a falling trend line on the 4-hour chart, suggesting that it is still in a downtrend from 0.6894. The recent decline has extended to as low as 0.6363. As long as the trend...

AUDUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:24 am
Once the AUDUSD currency pair reached the resistance level of the descending price channel on the 4-hour chart, it experienced a sharp decline, falling to 0.6456. The drop below the support level of 0.6496 suggests that the...

AUDUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:18 am
AUDUSD has been moving sideways within a trading range between 0.6496 and 0.6609. As long as the price remains within the falling price channel on the 4-hour chart, there is an expectation for the downside move to...

AUDUSD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:52 am
AUDUSD is contained within a falling price channel on the 4-hour chart, indicating the continuation of the downtrend from 0.6894. With the pair remaining within this channel, there is an expectation for further decline in the coming...

AUDUSD Daily Analysis – August 8, 2023

by ForexCycle.com | August 8, 2023 10:34 am
AUDUSD has broken below the support level at 0.6513, indicating the resumption of the downside move from 0.6894. With this breakdown, there is an expectation for further decline in the coming days. The next target for the...