Australian Dollar Breaks Key Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:48 am
The AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent...

Euro Pullback Tests Key Channel Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:12 am
The EURUSD currency pair’s pullback from the 1.0894 high has extended to as low as 1.0817, facing the support of the rising price channel visible on the 4-hour chart. This area will likely determine the pair’s near-term...

US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted

by ForexCycle.com | May 22, 2024 2:59 am
The USDCHF currency pair has broken out above the key 0.9101 resistance level in recent trading sessions. This bullish breakout has opened the door for a potential continuation of the pair’s upside move. Further Gains Likely After...

Australian Dollar Tests Key Channel Support Against US Dollar

by ForexCycle.com | May 21, 2024 2:58 am
The AUDUSD currency pair is once again facing the support of the rising price channel visible on the 4-hour chart. This area will likely determine the pair’s near-term directional bias. Consolidation Within Uptrend As long as the...

US Dollar Regains Strength Against Japanese Yen

by ForexCycle.com | May 20, 2024 2:11 am
After a corrective pullback from the 156.79 high, the USDJPY currency pair has rebounded from the 153.59 low. The bounce has extended to as high as 155.97 in recent trading sessions, with the bullish momentum showing signs...

US Dollar Rebounds Against Swiss Franc, Faces Key Resistance

by ForexCycle.com | May 20, 2024 1:16 am
After testing the key 0.8997 support level, the USDCHF currency pair has rebounded from a low of 0.8987 and is now facing resistance at the 0.9101 handle. This area will likely determine the pair’s near-term directional bias....

British Pound Extends Rally Against US Dollar

by ForexCycle.com | May 17, 2024 8:11 am
The GBPUSD currency pair has broken out above the 1.2633 resistance level, rallying as high as 1.2700 in recent trading sessions. The bullish momentum shows no signs of letting up just yet, with the potential for further...

Euro Consolidates After Hitting Channel Resistance

by ForexCycle.com | May 17, 2024 7:31 am
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high. This price action suggests that a consolidation phase is likely...

US Dollar Pullback Presents Opportunity Against Japanese Yen

by ForexCycle.com | May 16, 2024 7:53 am
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 156.79 in recent trading sessions. However, the pair has since pulled back from the 156.79 high, with the...

Euro Stages Bullish Breakout Against US Dollar

by ForexCycle.com | May 15, 2024 1:08 am
The EURUSD currency pair has broken out above the falling trendline resistance and the 1.0811 level visible on the 4-hour chart. This technical breakout suggests that the recent downside move from the 1.0981 high has likely completed...