[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum earlier today in Asian session after a bad CPI number. On h4 chart below we can see price is now testing the lower line of the bullish channel. Break below the bullish channel could be a threat to the bullish scenario testing 0.9600. Immediate resistance at 0.9862 (current high). We need a break above that area to keep the bullish scenario remains intact and strong.

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum earlier today in Asian session after a bad CPI number. On h4 chart below we can see price is now testing the lower line of the bullish channel. Break below the bullish channel could be a threat to the bullish scenario testing 0.9600. Immediate resistance at 0.9862 (current high). We need a break above that area to keep the bullish scenario remains intact and strong.