Long-term looking, buying is not an option at the moment, despite recent 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 – 18 December
Aussie was initially pushed higher in the course of the Friday's session going near 0.77 handle, but there pair found plenty of resistance and pulled back in order to finish the session around 0.7650 area. On Monday, we can expect tighter range trading as there will be no major data releases. Pair is likely to find support around 0.7620 and 0.76 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.77 handle.
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