Long-term looking, buying is not an option at the moment. We would consider using rallies as selling opportunities. Decisive break above 0.78 handle would, however, be a buying signal.
AUD/USD Daily Forecast – 07 December
Aussie fell in the course of the yesterday's session due to weaker than expected Australian GDP figures, going all the way to 0.7560 level around which pair finished the session. Tomorrow, focus will be on Australian Trade Balance figures. Pair is likely to find support around 0.7530 and 0.75 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.76-0.7650 handle.
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