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, however, be a buying signal.
AUD/USD Daily Forecast – 01 November
Aussie fell in the course of the yesterday's session going all the way to 0.7640 area where pair found some amount of support and slightly rebounded by the end of the session finishing it around 0.7650 handle. Tomorrow, focus will on US figures and Fed's interest rate decision. Pair is likely to find support around 0.76 and 0.7580 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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