AUD/USD Daily Forecast - 22 February

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Wednesday, Feb 21 2018

AUD/USD Daily Forecast - 22 February

Aussie fell in the course of the yesterday's session going all the way to 0.78 handle by the end of the day being offset by weak Australian figures and FOMC Meeting Minutes. As for tomorrow, we can expect less volatile session as there will be no major data releases both from Australia and USA. Pair is likely to find support around 0.7770 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 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 - 21 February GBP/USD Daily Forecast - 22 February »

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