[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, slipped below 1.0581 but had a strong bullish pullback earlier today in Asian session and hit 1.0733. The bias is neutral in nearest term. The major scenario remains bullish but price is still in a bearish correction/consolidation phase. A clear break and daily close below 1.0581 could continue the bearish correction. Immediate resistance at 1.0770. A clear break above that area could trigger further bullish momentum testing 1.0877 . We need a clear break at least above 1.0877 to keep the major bullish scenario strong aiming for another new all time high projection.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, slipped below 1.0581 but had a strong bullish pullback earlier today in Asian session and hit 1.0733. The bias is neutral in nearest term. The major scenario remains bullish but price is still in a bearish correction/consolidation phase. A clear break and daily close below 1.0581 could continue the bearish correction. Immediate resistance at 1.0770. A clear break above that area could trigger further bullish momentum testing 1.0877 . We need a clear break at least above 1.0877 to keep the major bullish scenario strong aiming for another new all time high projection.