[m.youssif]

AUDUSD Forecast
The AUDUSD failed to test 0.9710 yesterday and traded significantly higher earlier today in Asian session hit 0.9883. The bias is bullish in nearest term testing 0.9950 – 1.0000 but my bearish reversal scenario remains valid and only a clear break above 1.0000 could be a threat to my bearish outlook. Immediate support at 0.9800. Break below that area could trigger further bearish pressure testing 0.9710. I will keep stand aside for now.

[m.youssif]

AUDUSD Forecast
The AUDUSD failed to test 0.9710 yesterday and traded significantly higher earlier today in Asian session hit 0.9883. The bias is bullish in nearest term testing 0.9950 – 1.0000 but my bearish reversal scenario remains valid and only a clear break above 1.0000 could be a threat to my bearish outlook. Immediate support at 0.9800. Break below that area could trigger further bearish pressure testing 0.9710. I will keep stand aside for now.