[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term. The major outlook remains strongly bullish, but we have a CCI bearish divergence as you can see on my daily chart below suggests potential bullish exhaustion and bearish correction still testing 1.0330, but only a clear break below 1.0200 could be a threat to the current major bullish outlook. Immediate resistance at 1.0500. A clear break above that area would change the intraday bias to bullish testing 1.0581. Immediate support at 1.0430. A clear break below that area would change the intraday bias to bearish at testing 1.0388/30 support area.

[m.youssif]

AUDUSD Forecast
The AUDUSD was volatile but indecisive yesterday. The bias is neutral in nearest term. The major outlook remains strongly bullish, but we have a CCI bearish divergence as you can see on my daily chart below suggests potential bullish exhaustion and bearish correction still testing 1.0330, but only a clear break below 1.0200 could be a threat to the current major bullish outlook. Immediate resistance at 1.0500. A clear break above that area would change the intraday bias to bullish testing 1.0581. Immediate support at 1.0430. A clear break below that area would change the intraday bias to bearish at testing 1.0388/30 support area.