AUD/USD Daily Forecast - 02 February

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Thursday, Feb 01 2018

AUD/USD Daily Forecast - 02 February

Aussie was initially pushed lower in the course of the yesterday's session, after terrible Building Approvals figures, however, pair found some amount of support slightly below 0.80 handle and managed to rebound in order to finish the session near 0.8040 area. Tomorrow, focus will be on NFP report. 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 - 01 February GBP/USD Daily Forecast - 02 February »

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