AUD/USD Daily Forecast - 27 February

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Monday, Feb 26 2018

AUD/USD Daily Forecast - 27 February

Aussie tried to break higher in the course of the yesterday's session but area near 0.79 handle proved to be too resistive at the moment with pair pulling back by the end of the session to a daily closing around 0.7850 area. Tomorrow, focus will be on US reports. Pair is likely to find support around 0.78 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. Trend is mixed at the moment, so we believe it is best to stay on the sidelines.

More in this category: « EUR/USD Daily Forecast - 23 February GBP/USD Daily Forecast - 27 February »

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