AUD/USD Daily Forecast – 15 January
Despite better than forecasted Australian job figures, Aussie was initially pushed lower in the course of the yesterday's session, which is of course quite negative sign. However, pair found some amount of support around 0.69 handle, and managed to completely rebound by the session end, thus forming a hammer as a daily candle. Tomorrow, we expect that resistive candles around 0.7050 level would offer short-term selling opportunity, while supportive candles at 0.69 handle would be short-term buying signal.
In long-term tends, we would still be sellers for this pair, with initial target set at 0.69 handle. We have no interest in buying this pair at the moment, as we would first need to see break above 0.7380 level for that, and this does not seem very likely in the near future.
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