Long-term looking, selling is not an option at the moment, as we are now at 0.78 handle. However, we believe it is best to stay on the sidelines at the moment.
AUD/USD Daily Forecast – 29 December
Aussie spent another session in an uptrend, going all the way to above 0.78 handle in the course of the yesterday's session, where it found some amount of resistance but managed to finish the session around this area which is of course a positive sign. With no major data releases tomorrow, we expect less volatile session. Pair is likely to find support around 0.7780 and 0.7750 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7850 handle.
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