AUD/USD Daily Forecast - 14 February

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Tuesday, Feb 13 2018

AUD/USD Daily Forecast - 14 February

Aussie was initially pushed higher in the course of the yesterday's session but found resistance above 0.7870 level and then pulled back all the way to 0.7820 area, only to find support there and rebound by the end of the session to a closing around 0.7850 handle. As for tomorrow, we would pay attention to US CPI and Retail Sales figures. Pair is likely to find support around 0.7820 and 0.7780 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.79 handle.

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

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