AUD/USD Daily Forecast – 12 January

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Friday, Jan 12 2018

AUD/USD Daily Forecast – 12 January

Aussie broke higher in the course of the yesterday's session being supported by better than forecasted Retail Sales figures, going all the way near 0.79 handle, where it found some amount of resistance but managed to finish the session around this area. Focus of tomorrow's session will be on US CPI and Retail Sales figures. Pair is likely to find support around 0.7850 and 0.7830 handle, so these would be our short-term buying points, while we can expect some amount of resistance near 0.7950 handle.

Long-term looking, selling is not an option at the moment, as we are well 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 – 11 January GBP/USD Daily Forecast – 12 January »

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