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 0.83 handle.
AUD/USD Daily Forecast – 25 January
Aussie finally broke above 0.80 handle in the course of the yesterday's session going all the way to 0.8080 area, where it found some amount of resistance and pulled back slightly in order to finish the session around 0.8060 area. Tomorrow, , we expect another similar session, with no major data releases from Australia. Pair is likely to find support around 0.8030 and 0.80 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.81 handle.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419