[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish momentum yesterday, topped at 1.0122 and hit 1.0135 earlier today in Asian session. The bias remains bullish in nearest term still targeting 1.0150 – 1.0256. However, as you can see on my h4 chart below, watch out for a potential resistance around 1.0150 and the trend line resistance (white). A clear break above the trend line resistance would open the door for further bullish scenario, aiming for new all time highs. The rising wedge bearish correction/reversal scenario remains intact in longer term outlook, but would need a clear break below the wedge to confirm that scenario. Judging by the size of the wedge, which still give more rooms for potential bullish running, the intraday bullish bias could still continue in near future.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish momentum yesterday, topped at 1.0122 and hit 1.0135 earlier today in Asian session. The bias remains bullish in nearest term still targeting 1.0150 – 1.0256. However, as you can see on my h4 chart below, watch out for a potential resistance around 1.0150 and the trend line resistance (white). A clear break above the trend line resistance would open the door for further bullish scenario, aiming for new all time highs. The rising wedge bearish correction/reversal scenario remains intact in longer term outlook, but would need a clear break below the wedge to confirm that scenario. Judging by the size of the wedge, which still give more rooms for potential bullish running, the intraday bullish bias could still continue in near future.