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 – 26 December
Aussie was traded in a tighter range within 20 points during the Friday's session, with support around 0.77 handle and resistance above 0.7720 level, and with pair in the end finishing session few points above 0.77 area. With bank holidays worlwide on Monday and Tuesday there should be no trading. Pair is likely to find support around 0.7680 and 0.7660 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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