[m.youssif]

AUDUSD Forecast
The AUDUSD made a significant bearish momentum yesterday, break below the rising wedge formation as you can see on my daily chart below. This fact not only change the intraday bias to bearish targeting 0.9942 – 0.9865 but also could create bigger downside correction scenario. Immediate resistance at 1.0070. A clear break above that area and a daily close back inside the rising wedge would lead us to neutral zone as direction would become unclear and my rising wedge bearish technical scenario would be a little bit mess and could give another chance for a retest of 1.0256 all time high.

[m.youssif]

AUDUSD Forecast
The AUDUSD made a significant bearish momentum yesterday, break below the rising wedge formation as you can see on my daily chart below. This fact not only change the intraday bias to bearish targeting 0.9942 – 0.9865 but also could create bigger downside correction scenario. Immediate resistance at 1.0070. A clear break above that area and a daily close back inside the rising wedge would lead us to neutral zone as direction would become unclear and my rising wedge bearish technical scenario would be a little bit mess and could give another chance for a retest of 1.0256 all time high.