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.
AUD/USD Daily Forecast – 19 January
Aussie broke higher in the course of the yesterday's session going all the way to 0.80 handle after it initially formed support around 0.7940 level, but found this level too resistive at the moment, however pair managed to finish the session near this handle. As for tomorrow, we expect less volatile session as there will be no major data releases. 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.
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