AUDUSD Analysis – July 19, 2009

by ForexCycle.com | July 19, 2009 1:20 am
AUDUSD rebounds from 0.7703. Further rally is expected to test the resistance of the upper border of the price channel, a clear break above the channel resistance will indicate that a cycle bottom has been formed at...

AUDUSD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:01 am
AUDUSD drops below 0.7789 support and is now in consolidation of uptrend from 0.6248. Deeper decline is possible next week and target would be at 0.7500 zone. Key resistance is at 0.8263, only rise above this level...

AUDUSD Analysis – July 9, 2009

by ForexCycle.com | July 9, 2009 1:39 am
AUDUSD breaks below 0.7789 support, suggesting that the uptrend from 0.6284 has completed at 0.8263 level already. Consolidation in a range between 0.7500 and 0.8263 is expected in a couple of weeks. Key resistance is at 0.8263,...

AUDUSD Analysis – July 4, 2009

by ForexCycle.com | July 4, 2009 3:14 am
AUDUSD is testing the support of the rising trend line on daily chart, a clear break below the trend line support will signal further fall to 0.7650-0.7700 area. However, the price action from 0.8263 is more likely...

AUDUSD Analysis – June 27, 2009

by ForexCycle.com | June 27, 2009 1:53 am
Being contained by the support of the rising trend line on daily chart, AUDUSD rebounds from 0.7789 level. Range trading between 0.7789 and 0.8263 is expected next week. However, the price action in the trading range is...

AUDUSD Analysis – June 20, 2009

by ForexCycle.com | June 20, 2009 1:46 am
AUDUSD stays in a trading range between 0.7827 and 0.8263. The price action in the trading range is treated as consolidation of uptrend from 0.6284. One more rise towards 0.8500 would more likely be seen after consolidation...

AUDUSD Analysis – June 13, 2009

by ForexCycle.com | June 13, 2009 3:05 am
AUDUSD is forming a cycle bottom at 0.7827 level on daily chart. Range trading between 0.7827 and 0.8263 is expected next week. The price action in the trading range will be treated as consolidation of uptrend from...

AUDUSD Analysis – June 10, 2009

by ForexCycle.com | June 10, 2009 2:27 am
AUDUSD might be forming a cycle bottom at 0.7827 level on daily chart. Key resistance is located at 0.8263, a break above this level is needed to confirm the cycle bottom. Near term support is located at...

AUDUSD Analysis – June 6, 2009

by ForexCycle.com | June 6, 2009 4:19 am
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. The pullback from 0.8263 is more likely consolidation of uptrend. Further fall to test the support of the rising trend line...

AUDUSD Analysis – May 30, 2009

by ForexCycle.com | May 30, 2009 5:36 am
AUDUSD remains in bullish movement and the uptrend from 0.6284 extends to as high as 0.8014 level. Further rally is still possible next week and target would be at 0.8200-0.8300 area. Near term support is at 0.7700,...