AUDUSD Forecast
The AUDUSD had a moderate bullish momentum yesterday. There are no significant movement so far and price still struggling around 0.0770. The bias remains neutral in nearest term. Although the bearish pressure seems losing its momentum now, we need a clear break at least above 1.0877 to end the current bearish correction phase and continue the major bullish scenario retesting 1.1010 even aiming for new historical high projection. Immediate support at 1.0700. A clear break below that area would change the intraday bias to bearish retesting 1.0581 key support area.
