AUDUSD Forecast
The AUDUSD continued its bullish momentum yesterday and now seems ready to test 1.0877 resistance area. The bias is bullish in nearest term especially if price able to make a clear break above 1.0877 targeting 1.1010 which could end the bearish correction phase after the failure to make a clear break below 1.0581, aiming for another new historical high projection. Immediate support at 1.0770. A clear break below that area would change the intraday bias to bearish retesting 1.0581 key support area and keep the bearish correction outlook intact.
