DAILY FORECAST FOR AUDUSD

Bias: I feel the upside is limited by 0.8225 and should see losses from there

Price has rallied to 0.8796 thus far and we still appear to have one more leg higher to go but I look for the 0.8825 resistance to cap and cause a reversal lower. Thus, watch for a bearish trade set up at this point. I look for this decline to approach the 0.8700 area again.

Please view the complete analysis in the attached PDF file.

For a full description of how to use the analysis please see the Analysis page of my website. The prior day’s set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.

Kind regards

Ian