[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower earlier today in Asian session and hit 1.0887 after made a new historical high at 1.1010. The bias is bearish in nearest term especially if price able to make a clear break below 1.0877 testing 1.0820 but note that the major scenario remains strongly bullish and any downside momentum now should be seen just as a corrective movement. Immediate resistance at 1.0950. A clear break above that area would lead us to neutral zone in nearest term but would keep the major bullish scenario strong still targeting 1.1050 – 1.1100 new historical high projection.

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower earlier today in Asian session and hit 1.0887 after made a new historical high at 1.1010. The bias is bearish in nearest term especially if price able to make a clear break below 1.0877 testing 1.0820 but note that the major scenario remains strongly bullish and any downside momentum now should be seen just as a corrective movement. Immediate resistance at 1.0950. A clear break above that area would lead us to neutral zone in nearest term but would keep the major bullish scenario strong still targeting 1.1050 – 1.1100 new historical high projection.