On a long-term basis, we believe that pair has significant amount of support all the way to 0.74 handle, so we are still not interested in selling the pair. However, we would remain on the sidelines at the moment, as we would need to see break above 0.77 handle before placing any buying bids.
Last modified on Wednesday, 27 April 2016AUD/USD Daily Forecast – 28 April
Aussie was pushed below 0.76 handle in the course of the yesterday's session, as Australian CPI data proved to be much weaker than expected. Pair found some amount of support around 0.7550 handle, but it could easily continue its downtrend. Tomorrow, any type of supportive candles around 0.7550 and 0.75 handle in extension would be short-term buying signal, while resistive candles around 0.7630 and 0.7650 level would offer short-term selling opportunity.
- 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