Long-term looking, buying is not an option at the moment, as there is some bearish momentum in the pair. We would consider using rallies as selling opportunities.Decisive break above 0.78 handle would, however, be abuying signal.
AUD/USD Daily Forecast – 13 November
Aussie was initially pushed higher in the course of the Friday's session but found area near 0.77 handle to be too resistive at the moment, with pair pulling back all the way to 0.7650 area by the end of the session. As for Monday, we can expect another less volatile session since there will be no major data releases. Pair is likely to find support around 0.7620 and 0.76 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7680-0.77 handle.
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