[m.youssif]

AUDUSD Forecast
The AUDUSD is in critical phase now, a consolidation to find a clear direction. On h4 chart below we can see price still struggling around the lower line of the bullish channel. Immediate support at 0.9700. Break below that area could trigger further bearish pressure testing 0.9650/00 area and could be a threat to the bullish outlook as a bearish reversal scenario could be produced. On the upside, a clear break above 0.9793 could keep the bullish scenario intact testing 0.9917 – 1.0000 key resistance area.

[m.youssif]

AUDUSD Forecast
The AUDUSD is in critical phase now, a consolidation to find a clear direction. On h4 chart below we can see price still struggling around the lower line of the bullish channel. Immediate support at 0.9700. Break below that area could trigger further bearish pressure testing 0.9650/00 area and could be a threat to the bullish outlook as a bearish reversal scenario could be produced. On the upside, a clear break above 0.9793 could keep the bullish scenario intact testing 0.9917 – 1.0000 key resistance area.