AUD/USD Daily Forecast – 15 December

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Monday, Dec 14 2015

Aussie was pushed lower initially in the course of the Monday's session, but found support around 0.7160 level in order to completely rebound and came as high as 0.7270 level where in the end it found some amount of resistance and pulled back by the end of the session.

As for tomorrow, we believe that any type of supportive candles around 0.7180 level and 0.7150 in extension would offer short-term buying opportunity, while resistive candles near 0.73 handle would be short-term selling signal. Despite this increase, long-term looking, we have no interest in buying this pair. If we see break below 0.7150 handle we would be willing to start selling this pair as this would indicate downtrend towards 0.70 handle.

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