Any type of resistive candles above 0.8130 level would offer short-term selling opportunity, while supportive candles around 0.8080 level would indicate short-term buying signal. On a long-term basis, we believe that this pair will hit 0.80 handle and then perhaps bounce out from it since it is important support on long-term charts, so we remain sellers for this market. We would use any rallies that holiday season will probably offer as just another selling opportunity.
Last modified on Thursday, 25 December 2014AUD/USD Daily Forecast - 26 December
Aussie spent a steadier session yesterday being traded within 30 points finishing the day few points above 0.81 handle. There were no data releases from Australia, and liquidity at the markets dried off with holiday season beginning . We can expect similar scenario tomorrow, since it is holiday season, some of the world's banks will be closed and traders less active.
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