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 Thursday, 28 April 2016AUD/USD Daily Forecast – 29 April
Aussie managed to find some amount of support around 0.7570 handle in the course of the yesterday's session and broke once again above 0.76 handle, thus rebounding after Wednesday's decline. Tomorrow, any type of supportive candles around 0.7580 and 0.7550 handle in extension would be short-term buying signal, while resistive candles around 0.7680 and 0.77 level would offer short-term selling opportunity.
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