AUD/USD Daily Forecast – 09 January

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Monday, Jan 08 2018

AUD/USD Daily Forecast – 09 January

Aussie broke lower in the course of the yesterday's session going all the way to 0.7820 area where it found some amount of support and was then pushed slightly higher finishing the session around 0.7840 level. Tomorrow, we would pay attention to Australian Building Approvals figures. Pair is likely to find support around 0.7820 and 0.78 handle, so these would be our short-term buying points, while we can expect some amount of resistance near 0.7880 handle.

Long-term looking, selling is not an option at the moment, as we are now above 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 – 08 January GBP/USD Daily Forecast – 09 January »

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