AUDUSD Analysis – April 14, 2009

by ForexCycle.com | April 14, 2009 2:11 am
AUDUSD breaks above 0.7267 resistance. Further rise is still possible and the next target would be at 0.7800-0.8000 area. Initial support is at 0.7032, as long as this level holds, we’d expect the uptrend from 0.6284 to...

AUDUSD Analysis – April 11, 2009

by ForexCycle.com | April 11, 2009 2:24 am
Being contained by the previous high resistance at 0.7267, AUDUSD formed a sideways consolidation in a narrow range between 0.7032 and 0.7227. Further rise is still in favor after consolidation, and the next target is at 0.7500...

AUDUSD Analysis – April 4, 2009

by ForexCycle.com | April 4, 2009 3:31 pm
AUDUSD breaks above 0.7092 and reaches as high as 0.7227 level. Further rally could be seen to 0.7500 zone in next several days. Key support is located at 0.6768, below this level will indicate that the rise...

AUDUSD Analysis – April 3, 2009

by ForexCycle.com | April 3, 2009 2:28 am
AUDUSD breaks above 0.7092 level. Further rise to test the long term resistance at 0.7267 could be seen. A break above this level will signal further rise towards 0.7500. Key support is now at 0.6768, only fall...

AUDUSD Analysis – Mar 31, 2009

by ForexCycle.com | March 31, 2009 2:02 am
As expected, AUDUSD breaks below previously mentioned key support of 0.6780 and has formed a cycle top at 0.7092 level on daily chart. Further pullback is now in favor and the next target would be at 0.6500...

AUDUSD Analysis – Mar 28, 2009

by ForexCycle.com | March 28, 2009 2:43 am
AUDUSD might be forming a cycle top at 0.7092 on daily chart. Key support is located at 0.6780, a clear break below this level will confirm the cycle top and then deeper decline could be seen to...

AUDUSD Analysis – Mar 21, 2009

by ForexCycle.com | March 21, 2009 3:52 pm
AUDUSD breaks above 0.6849 resistance. Further rally is expected next week, and the next target would be at 0.7100-0.7150 area. Key support is now located at 0.6565, below this level will indicate that the rise from 0.6284...

AUDUSD Analysis – Mar 14, 2009

by ForexCycle.com | March 14, 2009 3:17 am
AUDUSD broke above 0.6553 resistance. Further rise to 0.6700-0.6750 area to reach the next cycle top on daily chart is possible next week. Key support is now located at 0.6248, only fall below this level will signal...

AUDUSD Analysis – Mar 7, 2009

by ForexCycle.com | March 7, 2009 3:59 am
AUDUSD is in medium term downtrend from 0.7267. Deeper decline is possible to 0.6100 zone next week. Initial resistance is now at 0.6553, as long as this level holds, we’d expect the downtrend to continue.

AUDUSD Analysis – Feb 28, 2009

by ForexCycle.com | February 28, 2009 3:38 am
AUDUSD stays in a trading range between 0.6248 and 0.6849. Deeper decline would more likely be seen next week. Near term support is located at 0.6248, a break below this level will signal further fall to test...