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 – 27 November
Aussie was traded in a tighter range in the course of the Friday's session with support around 0.7610 level and resistance above 0.7630 area, essentially doing nothing and finishing the session in a neutral tone around 0.7620 level. We can expect similar tighter range trading on Monday as there will be no data releases. Pair is likely to find support around 0.76 and 0.7570 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7650-0.7680 handle.
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