[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9973 but closed significantly lower at 0.9894. The bias is neutral in nearest term but the major scenario remains strongly bullish re-testing 1.0000 historical high. Immediate support at 0.9870 followed by 0.9837 (yesterday’s low). Break below that area could trigger further bearish pullback testing 0.9775 but as long as price moves inside the bullish channel the major scenario remains to the upside.

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9973 but closed significantly lower at 0.9894. The bias is neutral in nearest term but the major scenario remains strongly bullish re-testing 1.0000 historical high. Immediate support at 0.9870 followed by 0.9837 (yesterday’s low). Break below that area could trigger further bearish pullback testing 0.9775 but as long as price moves inside the bullish channel the major scenario remains to the upside.