Weaker than expected figures would once again send Aussie to test 0.80 handle where we would buy the pair on a short-term basis, while better than forecasted data would cause an uptrend to 0.8150 level, where we expect short-term selling opportunity. On a long-term trends we would consider selling this pair if we see decisive break below 0.80 handle, but at the moment we believe that Aussie will continue to linger around current levels so we would step aside from the market until we get more clear picture.
Last modified on Wednesday, 07 January 2015AUD/USD Daily Forecast - 08 January
0.80 handle continues to offer support for Aussie at the moment. Though it spent most of the yesterday's session in decline 0.80 handle hold all selling pressure finishing the day above 0.8060 area. Main market mover tomorrow will be Building Approvals figures.
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