[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9883 but closed a little bit lower at 0.9841. The bias is neutral in nearest term and I will keep stand aside for now. On h4 chart below we have an inverse “head and shoulders” formation which is a bullish pattern which could be a potential threat to my bearish reversal scenario especially if price breaks above 1.0000. On the downside we need a clear break below 0.9710 to cancel the bullish outlook and continue the bearish reversal scenario.

[m.youssif]

AUDUSD Forecast
The AUDUSD attempted to push higher yesterday, topped at 0.9883 but closed a little bit lower at 0.9841. The bias is neutral in nearest term and I will keep stand aside for now. On h4 chart below we have an inverse “head and shoulders” formation which is a bullish pattern which could be a potential threat to my bearish reversal scenario especially if price breaks above 1.0000. On the downside we need a clear break below 0.9710 to cancel the bullish outlook and continue the bearish reversal scenario.