[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I think we are in a no trade zone now. Overall we are still in a bearish correction phase since the pullback from the all time high but still need a clear break below 0.9800 to continue the bearish scenario testing 0.9550 this week. On the upside, key resistance area is seen around 1.0020. A clear break above that area would give further validation to the double bottom bullish scenario re-testing all time high at 1.0182 and 1.0256.

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I think we are in a no trade zone now. Overall we are still in a bearish correction phase since the pullback from the all time high but still need a clear break below 0.9800 to continue the bearish scenario testing 0.9550 this week. On the upside, key resistance area is seen around 1.0020. A clear break above that area would give further validation to the double bottom bullish scenario re-testing all time high at 1.0182 and 1.0256.