AUDUSD Forecast
The AUDUSD was volatile yesterday but overall still able to maintain its bearish correction bias. On h4 chart below we can see that the bullish flag scenario has failed which could set more bearish correction scenario especially if price make a clear break below 1.0000 testing 0.9920/00. As long as price moves inside the bullish channel we are still in a major bullish outlook, but need a clear break above 1.0182 to continue the bullish scenario making new historical highs projection around 1.0250 area. On the other hand, a break below the bullish channel could be a threat to the bullish outlook and potential bearish reversal scenario.
