AUD/USD Daily Forecast – 12 December

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Monday, Dec 11 2017

AUD/USD Daily Forecast – 12 December

Aussie was pushed higher initially in the course of the yesterday's session, with pair going near 0.7550 area where it found some amount of resistance and pulled back slightly in order to finish the session around 0.7530 level. As for tomorrow, focus will be on Australian house prices figures and US PPI report. Pair is likely to find support around 0.7480 and 0.7450 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7550-0.76 handle.

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.

More in this category: « EUR/USD Daily Forecast – 08 December GBP/USD Daily Forecast – 12 December »

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