On a long-term basis, despite recent decline, we believe that pair could easily reach 0.80 handle, where we can expect significant amount of resistance, with that being round psychologically important level, though we would first like to see decisive break above 0.78 handle. Selling is not an option at the moment as we see 0.75 handle as being floor for this market.
Last modified on Tuesday, 26 April 2016AUD/USD Daily Forecast – 27 April
Aussie rebounded in the course of the yesterday's session, but still being traded in a tighter range, with resistance near 0.770 area. Tomorrow's session will bring Australian CPI figures. Any type of supportive candles around 0.7680 and 0.7650 handle in extension would be short-term buying signal, while resistive candles around 0.7780 and 0.78 level would offer short-term selling opportunity.
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