Long-term looking, buying is not an option at the moment, despite this 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 – 14 December
Aussie formed support around 0.7550 area in the course of the yesterday's session and was then pushed higher going all the way to 0.7630 level, around which pair finished the session. Incline was mostly supported by dovish Fed's stanzas. Tomorrow, we would pay attention to Australian job figures. 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 0.77-0.7750 handle.
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