AUD/USD Daily Forecast - 13 January
After it initially went higher, going all the way to 0.8250 level, Aussie sharply pulled back to a daily closing around 0.8160 level indicating that pair is still not ready to turn trend around. With that being the case, any type of resistive candles around 0.8250 level would offer short-term selling opportunity, while supportive candles around 0.81 handle would be short-term buying signal.
Long-term looking, 0l.80 handle proved to be major support, so any supportive candles in that general area would offer buying opportunity. Break below 0.80 handle would indicate further downtrend to 0.75 level but we do not see this as a likely scenario in the next few sessions. If pair breaks above 0.83 handle it could go as far as 0.85 area, where we expect significant amount of resistance.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419