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 – 20 December
Aussie went back and forth in the course of the yesterday's session with a support around 0.7650 area and resistance above 0.7680 level in the end finishing the session around 0.7660 handle, thus in a neutral tone. As for tomorrow, we expect another steadier session 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 0.7730 handle.
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