[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I will stand aside for now. The bearish reversal scenario remains intact but need a clear break below 0.9750 for further bearish confirmation. Immediate support at 0.9810. Break below that area could trigger further bearish pressure testing 0.9750 area. Initial resistance at 0.9950. Clear break above that area could trigger further bullish pressure testing 1.0000 which could be a serious threat to the bearish outlook re-testing 1.0182 historical level.

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term and I will stand aside for now. The bearish reversal scenario remains intact but need a clear break below 0.9750 for further bearish confirmation. Immediate support at 0.9810. Break below that area could trigger further bearish pressure testing 0.9750 area. Initial resistance at 0.9950. Clear break above that area could trigger further bullish pressure testing 1.0000 which could be a serious threat to the bearish outlook re-testing 1.0182 historical level.