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AUD/USD Daily Forecast – 15 December

Thursday, Dec 14 2017
AUD/USD Daily Forecast – 15 December

Aussie broke higher yesterday after Australian job figures were releases with pair going all the way to 0.7670 area around which pair spent rest of the day and closed the session. Tomorrow, we can expect trading in a tighter range as there will be no major data releases. Pair is likely to find support around 0.7630 and 0.76 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.77-0.7750 handle.

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.

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