There’s always more than one way of achieving something.
Analysing and reacting to FA on news item by news item is not at all a widely recognised means for private retail forex traders to make better profits. It is much more pragmatic to follow price.
You can follow price on a given pair. But you should also take account of what that currency is doing against the other 7 significant currencies and form an overall picture. For example, you would need very strong reasons to go long on an AUD-based pair when the other 6 AUD-based charts are bearish.