[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected higher yesterday, topped at 0.9697 and closed at 0.9658. The bias remains neutral in nearest term and I think we are in consolidation phase but still within the context of a strong bearish trend since the fall from all time high at 1.0182. Immediate resistance at 0.9710. Clear break above that area could trigger further bullish correction testing 0.9778 area. Initial support at 0.9550/30. We need a clear break below that area to continue the bearish scenario testing 0.9450 this week.

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected higher yesterday, topped at 0.9697 and closed at 0.9658. The bias remains neutral in nearest term and I think we are in consolidation phase but still within the context of a strong bearish trend since the fall from all time high at 1.0182. Immediate resistance at 0.9710. Clear break above that area could trigger further bullish correction testing 0.9778 area. Initial support at 0.9550/30. We need a clear break below that area to continue the bearish scenario testing 0.9450 this week.