[m.youssif]

AUDUSD Forecast
The AUDUSD bearish momentum was paused yesterday after failed to consistently move below 0.9750. The bias is bullish in nearest term testing 0.9920 but this fact activates my wait and see mode. The bearish reversal scenario remains valid after the violation of the bullish channel but need a clear break below 0.9750 to continue the bearish pressure testing 0.9650 even lower. On the upside, clear break above 0.9920 could trigger further upside momentum testing 1.0000.

[m.youssif]

AUDUSD Forecast
The AUDUSD bearish momentum was paused yesterday after failed to consistently move below 0.9750. The bias is bullish in nearest term testing 0.9920 but this fact activates my wait and see mode. The bearish reversal scenario remains valid after the violation of the bullish channel but need a clear break below 0.9750 to continue the bearish pressure testing 0.9650 even lower. On the upside, clear break above 0.9920 could trigger further upside momentum testing 1.0000.