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...

AUDUSD Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 9:12 am
AUDUSD is in a downtrend from 0.6894, and the price action from 0.6513 can be seen as consolidation within this downtrend. It is likely that the pair will engage in range trading between the support at 0.6513...

AUDUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:55 am
AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling...

AUDUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:52 am
AUDUSD is in a downtrend from 0.6894, and the recent bounce from 0.6513 could be seen as a consolidation phase within this downtrend. It is likely that the price will range trade between 0.6513 and 0.6620 for...

AUDUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 1:06 am
AUDUSD has extended its downward movement from 0.6894, reaching as low as 0.6526. The analysis suggests that further decline is possible after a minor consolidation, with the next potential target area being around 0.6450. Immediate resistance can...

AUDUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:37 am
AUDUSD has breached the support level at 0.6622 and is currently approaching the next support level at 0.6594. If the price breaks below this level, it could potentially trigger further downside movement towards 0.6550, followed by 0.6450....

AUDUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 7:02 am
AUDUSD is currently below the descending trend line on the 4-hour chart, indicating its continued downtrend from 0.6894. The recent price action from 0.6622 is likely a period of consolidation within this downtrend. As long as the...

AUDUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 2:18 am
The AUDUSD pair has experienced a significant downside move, extending from 0.6894 to as low as 0.6622. As long as the price remains below the falling trend line on the 4-hour chart, there is a strong indication...

AUDUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 3:05 am
AUDUSD has been moving sideways in a trading range between 0.6170 and 0.7157 for several weeks. This sideways movement is likely a consolidation for the long-term downtrend from 0.8006. As long as the resistance of the falling...