AUD/USD Daily Forecast – 02 January

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Friday, Dec 29 2017

AUD/USD Daily Forecast – 02 January

Aussie went back and forth in the course of the Friday's session, with support around 0.7780 area and resistance above 0.7820 level, with pair finishing the session slightly above 0.78 handle. As for Monday and Tuesday we expect similar sessions with New Year's Day holiday and no data releases. 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.

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.

More in this category: « EUR/USD Daily Forecast – 29 December GBP/USD Daily Forecast – 02 January »

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