AUD/USD Daily Forecast - 17 December

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Tuesday, Dec 16 2014

Aussie found area around 0.82 handle to be supportive during the session on Tuesday and aimed higher but by the end of the day give up of all of the gains finishing the session just few points above 0.8210 level. There will be no data releases from Australia tomorrow so focus will be on Fed interest rate decision.

General outlook for this pair is bearish and we do not see it above 0.83 handle, so around 0.8280 level is where we would consider selling the pair. If get below 0.82 handle, next supportive point would be around 0.8150. so this is where we would consider short-term buy. On a long-term basis buying is not an option since this pair is almost certain to hit 0.80 handle given enough time.

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