AUD/USD Daily Forecast – 30 December

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Tuesday, Dec 29 2015

Aussie spent most of the yesterday's session in an uptrend, forming support at 0.7250 level and going all the way to 0.73 handle. This area currently offers some amount of resistance, and there is a bit lack of volatility. Tomorrow's session could be similar.

Any type of supportive candles around 0.7250 handle should offer short-term buying opportunity, while resistive candles around 0.7330 and 0.7360 level would be short-term selling signal. Long-term looking, despite this increase, we have no interest in buying this pair as we would first need to see break above 0.74 handle. Selling is not an option at the moment as well as 0.71 handle seems to be floor for this market at the moment.

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