[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum yesterday, clearly broken below the rising wedge formation as you can see on my daily chart below, confirms the bearish correction/reversal scenario after hit all time high at 1.0256. The bias is bearish in nearest term but note that we probably have a good support around 0.9800 and need a clear break below that area to continue the bearish scenario targeting 0.9540. Immediate resistance at 0.9965. A clear break above that area would lead us to neutral zone in nearest term testing 1.0100 but only a clear break above 1.0100 could cancel the current bearish scenario and open the door for another bullish attempt aiming for new all time highs.

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum yesterday, clearly broken below the rising wedge formation as you can see on my daily chart below, confirms the bearish correction/reversal scenario after hit all time high at 1.0256. The bias is bearish in nearest term but note that we probably have a good support around 0.9800 and need a clear break below that area to continue the bearish scenario targeting 0.9540. Immediate resistance at 0.9965. A clear break above that area would lead us to neutral zone in nearest term testing 1.0100 but only a clear break above 1.0100 could cancel the current bearish scenario and open the door for another bullish attempt aiming for new all time highs.