AUD/USD Daily Forecast - 09 January
Aussie spent most of the yesterday's session in an uptrend supported by much better than expected Building Approvals figures but also from support coming from 0.80 handle. In the end Aussie finished session alightly above 0.80 handle. Friday's session will be quite volatile, with Australian Retail Sales, Chinese CPI and US NFP figures.
Pair is likely to find support around 0.8030 level, so this would be our short-term buying point and resistance above 0.8180 level, where we would start selling the market. Long-term looking we are neutral for this pair and remain sideways until we get more clear picture. If we break below 0.80 handle, we would continue selling the pair with a target set at 0.75 handle, however, we are now waiting for some kind of supportive type of candles in order to start buying the pair.
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