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 – 22 December
Aussie formed support around 0.7650 area in the course of the yesterday's session, and was then pushed higher going above 0.77 handle by the end of the session. As for tomorrow, we would pay attention to US figures. Pair is likely to find support around 0.7680 and 0.7650 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7750 handle.
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