AUD/USD Daily Forecast - 01 February

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Wednesday, Jan 31 2018

AUD/USD Daily Forecast - 01 February

Aussie formed support around 0.8040 level in the course of the yesterday's session and was then pushed higher going all the way to 0.81 handle and was then pushed back in the US part of the session with pair closing the day around 0.8050 area. Tomorrow, we would pay attention to US figures. Pair is likely to find support around 0.8020 and 0.80 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.8130 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 - 31 January GBP/USD Daily Forecast - 01 February »

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