[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish correction yesterday, bottomed at 1.0027 and closed at 1.0054. The bias remains bearish in nearest term testing 0.9987 and the trend line support (white). Medium bias remains bullish, but after hit historical highs, we still have potential big downside correction from here. A clear break below 0.9987 could be an early signal of a major big bearish reversal, gives us further confirmation of a bearish short term outlook testing 0.9900, but only a clear break below 0.9550 would give further validation to the long term big bearish reversal scenario. It’s a long way to go and movement could remain tricky with broad Dollar consolidation is still in play.

[m.youssif]

AUDUSD Forecast
The AUDUSD continued its bearish correction yesterday, bottomed at 1.0027 and closed at 1.0054. The bias remains bearish in nearest term testing 0.9987 and the trend line support (white). Medium bias remains bullish, but after hit historical highs, we still have potential big downside correction from here. A clear break below 0.9987 could be an early signal of a major big bearish reversal, gives us further confirmation of a bearish short term outlook testing 0.9900, but only a clear break below 0.9550 would give further validation to the long term big bearish reversal scenario. It’s a long way to go and movement could remain tricky with broad Dollar consolidation is still in play.