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 a buying signal.
AUD/USD Daily Forecast – 15 November
Aussie went back and forth in the course of the yesterday's session with support around 0.76 handle and resistance near 0.7650 level with a daily closing around 0.7630 area. Pair is at the moment in a neutral tone, so we would tomorrow be more focused on US CPI and Retail Sales figures. 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 0.7660-0.77 handle.
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