[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday but fell significantly to the downside and hit 0.9924 earlier today in Asian session. Although the bias is strongly bearish in nearest term and my bearish mode is now activated, we know that this pair has no clear direction so far, move up and down without consistent momentum and the condition could remain tricky in nearest future. Immediate resistance at 1.0040. A clear break above that area would lead us to neutral zone in nearest term and keeps us in an unclear condition testing 1.0100/50 resistance area. On the downside, another strong break below 0.9924 would trigger further bearish pressure targeting 0.9865 even lower.

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday but fell significantly to the downside and hit 0.9924 earlier today in Asian session. Although the bias is strongly bearish in nearest term and my bearish mode is now activated, we know that this pair has no clear direction so far, move up and down without consistent momentum and the condition could remain tricky in nearest future. Immediate resistance at 1.0040. A clear break above that area would lead us to neutral zone in nearest term and keeps us in an unclear condition testing 1.0100/50 resistance area. On the downside, another strong break below 0.9924 would trigger further bearish pressure targeting 0.9865 even lower.