[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish correction, hit 0.9944 earlier today in Asian session. The bias is bullish in nearest term testing 1.0000. The bearish reversal scenario after violated the bullish channel remains intact, but we have a V-bottom formation as you can see on my h4 chart below which could be a threat to the bearish reversal scenario especially if price able to make a clear break above 1.0000 re-testing 1.0182 historical level. Immediate support at 0.9900. Break below that area could trigger further bearish pressure testing 0.9810. I think we need consistent movement below 0.9810 to keep the bearish reversal scenario valid and re-activate my bearish mode.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bullish correction, hit 0.9944 earlier today in Asian session. The bias is bullish in nearest term testing 1.0000. The bearish reversal scenario after violated the bullish channel remains intact, but we have a V-bottom formation as you can see on my h4 chart below which could be a threat to the bearish reversal scenario especially if price able to make a clear break above 1.0000 re-testing 1.0182 historical level. Immediate support at 0.9900. Break below that area could trigger further bearish pressure testing 0.9810. I think we need consistent movement below 0.9810 to keep the bearish reversal scenario valid and re-activate my bearish mode.