AUD/USD Daily Forecast - 20 February

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Tuesday, Feb 20 2018

AUD/USD Daily Forecast - 20 February

Aussie went back and forth in the course of the yesterday's session, being traded in a tighter range with support around 0.79 handle and resistance above 0.7930 level, in the end finishing the session in a neutral tone around 0.79 area. As for tomorrow, we expect some volatility with RBA Monetary Policy Meeting Minutes. 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 - 19 February GBP/USD Daily Forecast - 20 February »

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