Any type of resistive candles above 0.8320 level would indicate short-term selling opportunity, while supportive candles around 0.8220 and 0.82 handle in extension should be short-term buying signal. In long-term trends, this pair is not weak only against US dollar but also compared to NZD, which is a strong signal of weakness in the pair, so we would continue selling the pair with the target at 0.80 handle.
AUD/USD Daily Forecast - 12 December
Aussie was initially pushed higher, yesterday, after better than forecasted Australian job figures, however, sharply pulled back being unable to break above 0.8380 level and coming under further pressure after US data proved to be better than expected. In the end it finished the session around 0.8250 level. Tomorrow, we would pay attention to Chinese Industrial Production figures as well as US data.
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