[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9723 and closed at 0.9761 after break below 0.9810. This fact gives further validation to the bearish reversal scenario. The bias remains bearish in nearest term testing 0.9650 especially if price able to consistently move below 0.9750. Immediate resistance at 0.9810. Break above that area could trigger further bullish pullback testing 0.9900 but overall I think we are still in bearish bias and long position is not recommended.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish momentum yesterday, bottomed at 0.9723 and closed at 0.9761 after break below 0.9810. This fact gives further validation to the bearish reversal scenario. The bias remains bearish in nearest term testing 0.9650 especially if price able to consistently move below 0.9750. Immediate resistance at 0.9810. Break above that area could trigger further bullish pullback testing 0.9900 but overall I think we are still in bearish bias and long position is not recommended.