[m.youssif]

AUD/USD soars further to as high as 1.0945 so far today. 61.8% projection of 0.8315 to 1.0181 from 0.9704 at 1.0857 is already met and intraday bias remains on the upside for 1.1 psychological level next. On the downside, break of 1.0773 support is needed to signal short term topping. Otherwise, outlook will remain bullish even in case of retreat.

In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel with daily MACD staying above signal line. Current rise should be target 1.1 psychological level next. Break will target 100% projection of 0.8315 to 1.0181 from 0.9704 at 1.1570. On the downside, break of 1.0254 resistance turned support is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bullish.

[m.youssif]

AUD/USD soars further to as high as 1.0945 so far today. 61.8% projection of 0.8315 to 1.0181 from 0.9704 at 1.0857 is already met and intraday bias remains on the upside for 1.1 psychological level next. On the downside, break of 1.0773 support is needed to signal short term topping. Otherwise, outlook will remain bullish even in case of retreat.

In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel with daily MACD staying above signal line. Current rise should be target 1.1 psychological level next. Break will target 100% projection of 0.8315 to 1.0181 from 0.9704 at 1.1570. On the downside, break of 1.0254 resistance turned support is needed to be the first signal of medium term reversal. Otherwise, outlook will remain bullish.