[m.youssif]

AUDUSD Forecast
The AUDUSD failed to continue its bearish momentum yesterday after unable to move consistently below 0.9840 support area and traded higher, hit 0.9925 earlier today in Asian session. The bias is neutral in nearest term. Immediate support remains around 0.9840 and the trend line support (red). Clear break below that area would give further validation to the rising wedge bearish scenario targeting 0.9750/10 key support area. Initial resistance at 1.0000 psychological level. Clear break above that area could trigger further bullish momentum testing the all time high at 1.0182 and rising wedge bearish scenario is no longer valid.

[m.youssif]

AUDUSD Forecast
The AUDUSD failed to continue its bearish momentum yesterday after unable to move consistently below 0.9840 support area and traded higher, hit 0.9925 earlier today in Asian session. The bias is neutral in nearest term. Immediate support remains around 0.9840 and the trend line support (red). Clear break below that area would give further validation to the rising wedge bearish scenario targeting 0.9750/10 key support area. Initial resistance at 1.0000 psychological level. Clear break above that area could trigger further bullish momentum testing the all time high at 1.0182 and rising wedge bearish scenario is no longer valid.