AUDUSD Forecast
The AUDUSD continued its bearish momentum on Friday, fell below 1.0540 and struggling around that area now. The bias is bearish in nearest term especially if price able to move consistently below 1.0540 targeting 1.0440 – 1.0388 support area. Immediate resistance at 1.0620. A clear break above that area would lead us to neutral zone in nearest term but as long as price stays below 1.0700 and the trend line resistance (white) my short/medium outlook remains more to the downside with potential medium bearish target around 1.0200.
