AUD/USD Daily Forecast – 18 January

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Wednesday, Jan 17 2018

AUD/USD Daily Forecast – 18 January

Aussie was initially pushed lower in the course of the yesterday's session but found some amount of support around 0.7940 level and then rebounded breaking above 0.80 handle, which proved to be quite resistive at the moment but pair managed to finish the session around this area. As for tomorrow, we would be focused on Australian job figures and China's data. Pair is likely to find support around 0.7940 and 0.7920 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.8050 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.

More in this category: « EUR/USD Daily Forecast – 17 January GBP/USD Daily Forecast – 18 January »

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