AUDUSD Analysis – November 14, 2009

by ForexCycle.com | November 14, 2009 11:52 am
AUDUSD broke above 0.9326 previous high and reached as high as 0.9368. Further rise would more likely be seen next week and next target would be at 0.9450-0.9500 area. Support is remains at the lower border of...

AUDUSD: Technical Positioning Points to Double Top

by Dailyfx.com | November 13, 2009 9:29 am
A double top may be in place, with AUDUSD showing an Advance Block bearish reversal candlestick pattern below resistance at 0.9334. Dramatic negative RSI divergence bolsters a bias favoring the downside. That said, the Australian Dollar has...

AUDUSD Analysis – November 7, 2009

by ForexCycle.com | November 7, 2009 5:01 am
Being contained by the lower border of the rising price channel on daily chart, AUDUSD rebounded from 0.8916, suggesting that a cycle bottom has been formed. The rise from 0.8916 is now treated as resumption of uptrend,...

AUDUSD Analysis – October 31, 2009

by ForexCycle.com | October 31, 2009 2:58 pm
After touching the upper border of the rising price channel on daily chart, AUDUSD pulled back from 0.9326, suggesting that a cycle top has been formed. Range trading between 0.8567 and 0.9326 is expected. Key support is...

AUDUSD Analysis – October 25, 2009

by ForexCycle.com | October 25, 2009 12:59 am
AUDUSD has reached the upper border of the rising price channel on daily chart. Minor consolidation would more likely be seen in next several days. However, uptrend is expected to continue after consolidation and 0.9500 remains the...

AUDUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:01 am
AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be...

AUDUSD Analysis – October 10, 2009

by ForexCycle.com | October 10, 2009 4:09 am
AUDUSD’s uptrend extends further to as high as 0.9089 level. Move to the upper border of the rising price channel on daily chart is expected next week and consolidation could be seen after touching the channel resistance....

AUDUSD Analysis – October 3, 2009

by ForexCycle.com | October 3, 2009 2:16 am
AUDUSD remains in uptrend from 0.7703 and the fall from 0.8858 is more likely consolidation of uptrend. Near term support is at 0.8543, followed by the lower border of the rising price channel on daily chart now...

AUDUSD Analysis – September 26, 2009

by ForexCycle.com | September 26, 2009 3:49 am
AUDUSD remains in uptrend from 0.7703 and the rise extends to as high as 0.8788 level. Further rise is still possible next week and next target would be at 0.8950-0.9000 area. Near term support is at 0.8543,...

AUDUSD Analysis – September 19, 2009

by ForexCycle.com | September 19, 2009 2:59 am
AUDUSD remains in bullish movement from 0.6248. Further rise is still possible in a couple of week and target would be at 0.8900-0.9000 area. Near term support is at 0.8543, as long as this level holds, we’d...