[m.youssif]

AUDUSD Forecast
The AUDUSD hit 1.0182 yesterday and touched 1.0196 earlier today in Asian session. The bias remains bullish in nearest term aiming for new historical highs. The nearest is around 1.0277 according to daily Fibonacci extension calculation. If you remember yesterday I said that I am interested in anticipating a big bearish reversal scenario. I still do, as the risk reward ratio is very good. As you can see on daily chart below, looks like price is making a Gravestone Doji. This candle is not complete yet, so actually we don’t have a Gravestone Doji yet. Of course there are several possibilities of what kind of candle formation we will have today, but if we do have a Gravestone Doji, it’s a good signal of a bearish reversal scenario with big downside target. Immediate support at 1.0130. We may not have the Gravestone Doji if break below that area testing 1.0087 – 1.000, but psychologically, a big downside correction after touched all time high remains potential regardless of what kind of daily candle we have.

[m.youssif]

AUDUSD Forecast
The AUDUSD hit 1.0182 yesterday and touched 1.0196 earlier today in Asian session. The bias remains bullish in nearest term aiming for new historical highs. The nearest is around 1.0277 according to daily Fibonacci extension calculation. If you remember yesterday I said that I am interested in anticipating a big bearish reversal scenario. I still do, as the risk reward ratio is very good. As you can see on daily chart below, looks like price is making a Gravestone Doji. This candle is not complete yet, so actually we don’t have a Gravestone Doji yet. Of course there are several possibilities of what kind of candle formation we will have today, but if we do have a Gravestone Doji, it’s a good signal of a bearish reversal scenario with big downside target. Immediate support at 1.0130. We may not have the Gravestone Doji if break below that area testing 1.0087 – 1.000, but psychologically, a big downside correction after touched all time high remains potential regardless of what kind of daily candle we have.