The AUDUSD bias is neutral. Upper barrier is at (0.9801), break above that area could trigger further short term upside pressure testing (0.9695). On the downside, the important price level at (0.9600) may be tested or broken in the coming sessions, which may pull the pair towards (0.9549 – 0.9528).Read More
The AUDUSD still trapped in range area of (0.9707– 0.9518). A break in either direction will determine the trading bias in today`s session. Break below (0.9518) could trigger further bearish pressure targeting (0.9539), while break above (0.9707) could trigger further bullish advances testing (0.9767).Read More
It’s likely that AUDUSD will decline. A break above (0.9705) could be a threat to the bearish scenario targeting (0.9778) even (0.9827). On the downside, immediate support is at (0.9606).
Break below that area should keep the major bearish scenario intact testing (0.9464) area