Regardless of figures any type of supportive candles around 0.8250 level would offer short-term buying opportunity, while resistive candles near 0.8350 area would be short-term selling signal. On a long-term basis, we are strong sellers for this market, though we would first like to see job figures before placing any larger bids. However, we believe it is only matter of time until the pair goes much lower, probably to 0.80 handle.
AUD/USD Daily Forecast - 09 December
Aussie went back and forth during the session on Monday, essentially doing nothing finishing it few points above 0.83 handle. Pair was pulled back by mixed Chinese Trade Balance figures, but managed to rebound only to find area above 0.8320 level to be too resistive at the moment. Focus of the session tomorrow will be on NAB Business Confidence figures.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419