AUDUSD  Daily Outlook

The AUDUSD was corrected lower on Friday. On h4 chart below we can see that the pair is trapped between 0.8261 and 0.7830 ranging area in medium outlook. The bias is bearish neutral both in nearest and medium term and I think it’s better to stay away and wait form further development. Immediate support is seen at 0.8030 followed by 0.7985. Break below those area should trigger further bearish momentum. Initial resistance at 0.8130. CCI just cross the 100 line down on daily chart suggesting potential downside pressure.

AUDUSD Daily Supports and Resistances:

S1= 0.8056

S2= 0.7981

S3= 0.7904

R1= 0.8208

R2= 0.8285

R3= 0.8360