[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday. We still have no significant technical movement so far and I will keep stand aside for now. My bearish reversal scenario after the violation to the bullish channel remains valid, but an inverse “head and shoulders” pattern as you can see on my h4 chart below could be a threat to the bearish outlook especially if price break above 1.0000 key resistance area. On the downside we need a clear break below 0.9710 to continue the bearish reversal scenario at least targeting 0.9550.

[m.youssif]

AUDUSD Forecast
The AUDUSD was indecisive yesterday. We still have no significant technical movement so far and I will keep stand aside for now. My bearish reversal scenario after the violation to the bullish channel remains valid, but an inverse “head and shoulders” pattern as you can see on my h4 chart below could be a threat to the bearish outlook especially if price break above 1.0000 key resistance area. On the downside we need a clear break below 0.9710 to continue the bearish reversal scenario at least targeting 0.9550.