[m.youssif]

AUDUSD Forecast
The AUDUSD has been moving in a range condition this week, form a Doji formation on weekly chart so far indicating indecisive movement. Price also still struggling around the trend line resistance (white) and there is no winner so far. Although overall technical bias remains strongly to the upside retesting all time high at 1.0256, intraday bias shows more bearish bias retesting 1.0070 and the lower line of the rising wedge formation. A clear break below the rising wedge formation could trigger further bearish pullback testing 0.9942 even could create a bigger bearish correction. On the upside, a movement above 1.0256, could trigger further bullish momentum testing new all time high projection which could be seen around 1.0400 – 1.0500.

[m.youssif]

AUDUSD Forecast
The AUDUSD has been moving in a range condition this week, form a Doji formation on weekly chart so far indicating indecisive movement. Price also still struggling around the trend line resistance (white) and there is no winner so far. Although overall technical bias remains strongly to the upside retesting all time high at 1.0256, intraday bias shows more bearish bias retesting 1.0070 and the lower line of the rising wedge formation. A clear break below the rising wedge formation could trigger further bearish pullback testing 0.9942 even could create a bigger bearish correction. On the upside, a movement above 1.0256, could trigger further bullish momentum testing new all time high projection which could be seen around 1.0400 – 1.0500.