AUD/USD Daily Forecast – 11 January

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Thursday, Jan 11 2018

AUD/USD Daily Forecast – 11 January

Aussie formed support around 0.7820 level in the course of the yesterday's session and was then pushed higher, but found resistance above 0.7860 area and pulled back by the end of the session to a daily closing around 0.7840 handle. As for tomorrow, focus will be on Retail Sales figures. Pair is likely to find support around 0.78 and 0.7780 handle, so these would be our short-term buying points, while we can expect some amount of resistance near 0.79 handle.

Long-term looking, selling is not an option at the moment, as we are still 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 – 10 January GBP/USD Daily Forecast – 11 January »

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