AUD/USD Daily Forecast - 30 January

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Monday, Jan 29 2018

AUD/USD Daily Forecast - 30 January

Aussie spent and overall steadier session yesterday, being traded within 20 points, with support around 0.8080 area and resistance above 0.81 handle, and with a daily closing around 0.8090 level. We expect more volatility tomorrow, thought there will be no major data releases. Pair is likely to find support around 0.8050 and 0.8030 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.8150 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 0.83 handle.

More in this category: « EUR/USD Daily Forecast – 29 January GBP/USD Daily Forecast - 30 January »

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