Long-term looking, buying is not an option at the moment, despite this small rebound. We would consider using rallies as selling opportunities. Decisive break above 0.78 handle would, however, be a buying signal.
AUD/USD Daily Forecast – 23 November
Aussie spent yesterday's session in an uptrend, after the pair formed support around 0.7550 handle and was then pushed all the way to above 0.76 handle where it found some amount of resistance but managed to finish the session above 0.76 handle. With no data releases from Australia tomorrow and with Thanksgiving holiday in the UK we expect a bit steadier session. Pair is likely to find support around 0.7550 and 0.7530 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7650-0.7670 handle.
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