AUD/USD Daily Forecast - 16 March

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Friday, Mar 16 2018

AUD/USD Daily Forecast - 16 March

Aussie fell in the course of the yesterday's session going all the way below 0.78 handle by the end of the day, which is of course a bearish sign. Decline was mostly due to much better than expected US figures and with no major data releases from Australia tomorrow, we woudl again be focused on US reports. Pair is likely to find support around 0.7750 and 0.7730 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 after this pullback, however we expect plenty of support on the way towards 0.75 handle.

More in this category: « EUR/USD Daily Forecast - 15 March GBP/USD Daily Forecast - 16 March »

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