Long-term looking, buying is not an option at the moment, after we have broke decisively below 0.78 handle. We would consider using rallies as selling opportunities. Decisive break above 0.78 handle, would be a buying signal.
Last modified on Thursday, 26 October 2017AUD/USD Daily Forecast – 27 October
Aussie continued its decline in the course of the yesterday's session going all the way to 0.7660 area by the end of the session which i san obvious sign of a bearish momentum in the pair. Tomorrow, we would look at US GDP and Australian PPI figures. Pair is likely to find support around 0.7630 and 0.76 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.77-0.7720 handle.
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