[m.youssif]

AUDUSD Forecast
The AUDUSD made another indecisive movement yesterday. The bias remains neutral in nearest term. There are no changes in my daily outlook where price still in a major bullish outlook but seems to be in overbought area suggests by the CCI bearish divergence like I showed you on my daily chart yesterday. On hourly chart below we have a rising wedge bearish formation which support the CCI bearish divergence view especially if price able to make a clear break below the wedge and 1.0450 targeting 1.0330 support area. However note that any downside pullback now is normal and should be seen as a counter trend/corrective move and the major bullish outlook remains intact. Immediate resistance at 1.0538. A clear break above that area would change the intraday bias to bullish testing 1.0581 even aiming for new all time high projection around 1.0700.

[m.youssif]

AUDUSD Forecast
The AUDUSD made another indecisive movement yesterday. The bias remains neutral in nearest term. There are no changes in my daily outlook where price still in a major bullish outlook but seems to be in overbought area suggests by the CCI bearish divergence like I showed you on my daily chart yesterday. On hourly chart below we have a rising wedge bearish formation which support the CCI bearish divergence view especially if price able to make a clear break below the wedge and 1.0450 targeting 1.0330 support area. However note that any downside pullback now is normal and should be seen as a counter trend/corrective move and the major bullish outlook remains intact. Immediate resistance at 1.0538. A clear break above that area would change the intraday bias to bullish testing 1.0581 even aiming for new all time high projection around 1.0700.