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 0.80-0.81 handle.
AUD/USD Daily Forecast – 23 January
Aussie was initially pushed lower in the course of the yesterday's session, but formed support around 0.7980 level, and was once again pushed above 0.80 area, with resistance near 0.8030 level but also with a daily closing above 0.80 handle which is of course a positive sign. As for tomorow, we expect another steadier session. Pair is likely to find support around 0.7980 and 0.7950 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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