In long-term trends we would be buyers for this pair with initial target set at 0.78 handle. Selling is not an option at the moment as we see 0.74 handle as being floor for this market.
Last modified on Thursday, 24 March 2016AUD/USD Daily Forecast - 25 March
Aussie was pushed lower in the course of the yesterday's session, all the way to 0.7480 level where it found some amount of support and managed to rebound completly breaking above 0.75 handle once again, thus forming a hammer which is of course a positive sign, but we can expect a bit lack of volatility tomorrow. As for Friday, any type of supportive candles around 0.7480 and 0.7450 handle in extension would be short-term buying signal, while resistive candles around 0.7550 and 0.7580 level would offer short-term selling opportunity.
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