[m.youssif]

AUDUSD Forecast
The AUDUSD had a bearish momentum yesterday and slipped below 0.9750 earlier today in Asian session. The bias is bearish in nearest term targeting 0.9650. Another move above 0.9750 could lead us back to neutral zone in nearest term testing 0.9800 and 0.9850 resistance area but I still maintain my bearish scenario at this phase. CCI still in negative territory both in daily and h4 chart so although the market is likely to remains volatile, the overall bias should remain to the downside.

[m.youssif]

AUDUSD Forecast
The AUDUSD had a bearish momentum yesterday and slipped below 0.9750 earlier today in Asian session. The bias is bearish in nearest term targeting 0.9650. Another move above 0.9750 could lead us back to neutral zone in nearest term testing 0.9800 and 0.9850 resistance area but I still maintain my bearish scenario at this phase. CCI still in negative territory both in daily and h4 chart so although the market is likely to remains volatile, the overall bias should remain to the downside.