AUDUSD Analysis – Dec 20, 2008

by ForexCycle.com | December 20, 2008 11:52 am
AUDUSD breaks above 0.7014 key resistance and reaches as high as 0.7140 only. The pair might be forming a cycle top on daily chart. Pullback is expected to 0.6300 zone in a couple of weeks. Initial resistance...

AUDUSD Analysis – Dec 18, 2008

by ForexCycle.com | December 18, 2008 1:14 pm
AUDUSD breaks above 0.7014 key resistance, suggesting that the down trend from 0.9849 (July 15 high) has completed. Further rise towards 0.7500 to reach the next cycle top on daily chart could be seen in next several...

AUDUSD Analysis – Dec 17, 2008

by ForexCycle.com | December 17, 2008 10:04 am
AUDUSD is testing the key resistance at 0.7014, a break above this level will indicate that the downtrend from 0.9849 (July 15 high) has completed, and then the following up trend will bring price back to 0.7800...

AUDUSD Analysis – Dec 13, 2008

by ForexCycle.com | December 13, 2008 11:57 am
AUDUSD continues to sideways consolidation in a range between 0.6008 and 0.7014. further rise to test 0.7014 resistance is possible next week. A break above this level will indicate that the down trend from 0.9849 (July 15...

AUDUSD Analysis – Dec 6, 2008

by ForexCycle.com | December 6, 2008 10:35 pm
AUDUSD stays in the trading range between 0.6008 and 0.7014. Further rebound is still possible to test 0.7014 resistance in next several days. A break above this level will indicate that the down trend from 0.9849 (July...

AUDUSD Analysis – Nov 30, 2008

by ForexCycle.com | November 30, 2008 11:27 am
Being contained by the previous low support at 0.6008, AUDUSD rebounds from 0.6075 level, suggesting that the pair is back to range trading between 0.6008 and 0.7014. Further rise is expected to test 0.7014 resistance in next...

AUDUSD Analysis – Nov 22, 2008

by ForexCycle.com | November 22, 2008 9:11 pm
AUDUSD formed a cycle top at 0.7014 level, and the fall from 0.7014 is now treated as resumption of down trend. Further fall could be seen to 0.5500 zone in next several days. Key resistance is located...

AUDUSD Analysis – Nov 15, 2008

by ForexCycle.com | November 15, 2008 11:36 am
No changed in our view, AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 previous low support, a break down below this level will signal deeper decline towards 0.5500 zone....

AUDUSD Analysis – Nov 13, 2008

by ForexCycle.com | November 13, 2008 10:27 am
AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 support, a break down below this level will signal deeper decline towards 0.5500 zone. Key resistance is now located at 0.7014,...

AUDUSD Analysis – Nov 8, 2008

by ForexCycle.com | November 8, 2008 10:11 pm
AUDUSD formed a cycle bottom at 0.6008 on daily chart. Further rise to test 0.7238 resistance is still possible next week. As long as this level holds, the rise from 0.6008 is treated as consolidation to down...