[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum on Friday, slipped below the bullish channel as you can see on my h4 chart below. This fact could be a threat to the bullish outlook with potential bearish reversal scenario. The bias is bearish in nearest term targeting 0.9750. Immediate resistance at 0.9900. Break above that area could lead us to neutral zone in nearest term but only another move above 1.0000 could keep the bullish outlook intact. This pair has been making new historical highs lately and a strong bearish reversal scenario could be on the way.

[m.youssif]

AUDUSD Forecast
The AUDUSD had a significant bearish momentum on Friday, slipped below the bullish channel as you can see on my h4 chart below. This fact could be a threat to the bullish outlook with potential bearish reversal scenario. The bias is bearish in nearest term targeting 0.9750. Immediate resistance at 0.9900. Break above that area could lead us to neutral zone in nearest term but only another move above 1.0000 could keep the bullish outlook intact. This pair has been making new historical highs lately and a strong bearish reversal scenario could be on the way.