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AUD/USD Daily Forecast – 25 December

Thursday, Dec 24 2015

Aussie continued its uptrend in the course of the yesterday's session, though most of it was done overnight, while rest of the Thursday's session was less volatile, since it was Christmas Eve.

We cannot expect any larger movements tomorrow, as banks are closed on Christmas Day, and with that being the case pair is likely to find support at 0.7250 handle, which was previously supportive, so at the moment this is where we would buy the pair and resistance above 0.7280 level so this is where we would place short-term selling bids. Long-term looking, though we are currently in an uptrend, the trend still remains neutral, and we would first need to see decisive break above 0.7350 area before buying or below 0.71 handle until we would be willing to selling the pair.

More in this category: « EUR/USD Daily Forecast – 24 December GBP/USD Daily Forecast – 25 December »

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