AUD/USD Daily Forecast - 12 February

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Saturday, Feb 10 2018

AUD/USD Daily Forecast - 12 February

Aussie managed to break higher in the course of the Friday's session going above 0.78 handle, but found resistance around 0.7830 level and pulled back slightly but managed to finish the session above 0.78 handle. As for Monday, we expect similar, less volatile session, as there will be no major data releases. Pair is likely to find support around 0.7780 and 0.7750 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.7850 handle.

Long-term looking, buying is not an option at the moment. Trend is bearish at the moment, so we believe it is best to stay on the sidelines at the moment.

More in this category: « EUR/USD Daily Forecast - 09 February GBP/USD Daily Forecast - 12 February »

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