[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, bottomed at 1.0078 and closed at 1.0100. The bias is bearish in nearest term testing 1.0000 area especially if price able to make a clear break below 1.0084. However, the major scenario remains bullish. We have a “flag” bullish formation as you can see on my h4 chart below. Break above the formation could continue the bullish pressure testing 1.0250 area.

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, bottomed at 1.0078 and closed at 1.0100. The bias is bearish in nearest term testing 1.0000 area especially if price able to make a clear break below 1.0084. However, the major scenario remains bullish. We have a “flag” bullish formation as you can see on my h4 chart below. Break above the formation could continue the bullish pressure testing 1.0250 area.