AUD/USD Daily Forecast - 15 February

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Thursday, Feb 15 2018

AUD/USD Daily Forecast - 15 February

Aussie fell in the course of the yesterday's session going all the way to 0.7780 area, where pair found some amount of support and was then pushed higher going all the way to 0.7930 level by the end of the session. Incline was supported by fall in US Retail Sales figures. Tomorrow, focus will be on Australian job figures and US reports. Pair is likely to find support around 0.7880 and 0.7850 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.80 handle.

Long-term looking, buying is not an option at the moment, despite this rebound. Trend is mixed 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 - 14 February GBP/USD Daily Forecast - 15 February »

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