[m.youssif]

AUDUSD Forecast
The AUDUSD continued it bullish correction yesterday, topped and closed at 0.9905. The bias is bullish in nearest term targeting 1.0000 especially if price able to make a clear break above 0.9920. However, note that overall the bearish reversal scenario after the violation to the bullish channel remains valid and the current bullish momentum is still considered as a counter trend move and only a move above 1.0000 could be a threat to the bearish reversal scenario. Immediate support at 0.9810. Break below that area could potentially end the current bullish correction testing 0.9750 even 0.9650 region.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued it bullish correction yesterday, topped and closed at 0.9905. The bias is bullish in nearest term targeting 1.0000 especially if price able to make a clear break above 0.9920. However, note that overall the bearish reversal scenario after the violation to the bullish channel remains valid and the current bullish momentum is still considered as a counter trend move and only a move above 1.0000 could be a threat to the bearish reversal scenario. Immediate support at 0.9810. Break below that area could potentially end the current bullish correction testing 0.9750 even 0.9650 region.