[m.youssif]

AUDUSD Forecast
The AUDUSD continued it bullish momentum yesterday after made a clear break above 1.0370 and hit another new all time high at 1.0481 earlier today in Asian session. The bias remains bullish in nearest term testing 1.0500 – 1.0550 new all time high projection. Immediate support at 1.0419 (current low). A clear break below that area would lead us in neutral zone in nearest term and lead us to bearish consolidation phase testing 1.0370 (former resistance) but overall I think the bullish scenario should remain strong.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued it bullish momentum yesterday after made a clear break above 1.0370 and hit another new all time high at 1.0481 earlier today in Asian session. The bias remains bullish in nearest term testing 1.0500 – 1.0550 new all time high projection. Immediate support at 1.0419 (current low). A clear break below that area would lead us in neutral zone in nearest term and lead us to bearish consolidation phase testing 1.0370 (former resistance) but overall I think the bullish scenario should remain strong.