[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, break below the rising wedge formation as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.0400 – 1.0330. Immediate resistance at 1.0500. A clear break above that area would lead us to neutral zone in nearest term but unless price makes a clear break above 1.0581 we are still in a bearish correction phase.

[m.youssif]

AUDUSD Forecast
The AUDUSD was corrected lower yesterday, break below the rising wedge formation as you can see on my hourly chart below. The bias is bearish in nearest term testing 1.0400 – 1.0330. Immediate resistance at 1.0500. A clear break above that area would lead us to neutral zone in nearest term but unless price makes a clear break above 1.0581 we are still in a bearish correction phase.