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AUD/USD Daily Forecast – 16 January

Tuesday, Jan 16 2018
AUD/USD Daily Forecast – 16 January

Aussie was supported by overall decline is US dollar in the course of the yesterday's session with pair going all the way to 0.7970 area around which it finished the session, which is of course a positive sign. With no major data releases we expect a bit consolidation tomorrow. Pair is likely to find support around 0.7930 and 0.79 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.80 handle.

Long-term looking, selling is not an option at the moment, as we are well above 0.78 handle. However, we believe pair will find plenty of resistance above 0.80 handle. 

Last modified on Tuesday, 16 January 2018
More in this category: « EUR/USD Daily Forecast – 12 January GBP/USD Daily Forecast – 16 January »

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