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 – 21 December
Aussie was initially pushed higher in the course of the yesterday's session, but found resistance above 0.7680 level and then pulled back in order to finish the session around 0.7660 area, but it was an overall tighter-range trading. As for tomorrow, we can expect a another less volatile session. 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 handle.
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