AUDUSD Weekly Analysis – October 14, 2018

by ForexCycle.com | October 14, 2018 2:53 am
AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.8135. As long as the trend line resistance holds, the bounce from 0.7041 could be treated as consolidation for the...

AUDUSD Daily Analysis – October 11, 2018

by ForexCycle.com | October 11, 2018 2:11 am
AUDUSD is facing 0.7041 support, a breakdown below this level could trigger another downside movement towards 0.6900. Resistance is at 0.7130, a break of this level would confirm that the downside movement from 0.7314 is complete, then...

AUDUSD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:48 am
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally would likely be seen in a couple of days and next target...

AUDUSD Daily Analysis – October 9, 2018

by ForexCycle.com | October 9, 2018 2:53 am
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.7314. As long as the trend line resistance holds, the bounce from 0.7041 could be treated as consolidation for the...

AUDUSD Daily Analysis – October 8, 2018

by ForexCycle.com | October 8, 2018 1:01 am
AUDUSD extended its downside movement from 0.7314 to as low as 0.7042. Further decline is still possible after a minor consolidation and next target would be at 0.6950 area. Near term resistance is at 0.7100, only a...

AUDUSD Weekly Analysis – October 7, 2018

by ForexCycle.com | October 7, 2018 7:41 am
AUDUSD extended its downside movement from 0.8135 to as low as 0.7042, breaking below 0.7085 support. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected...

AUDUSD Daily Analysis – October 4, 2018

by ForexCycle.com | October 4, 2018 2:01 am
AUDUSD is facing 0.7085 support, a breakdown below this level could trigger further downside movement towards 0.7000. Near term resistance is at 0.7130, only a break of this level could bring the price back towards the falling...

AUDUSD Daily Analysis – October 3, 2018

by ForexCycle.com | October 3, 2018 4:42 am
AUDUSD extended its downside movement from 0.7314 to as low as 0.7162. Resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be expected...

AUDUSD Daily Analysis – October 2, 2018

by ForexCycle.com | October 2, 2018 2:04 am
AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 0.7202 support could take the price to 0.7150...

AUDUSD Daily Analysis – October 1, 2018

by ForexCycle.com | October 1, 2018 3:50 am
AUDUSD is now in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Resistance...