AUD/USD Daily Forecast - 09 February
Aussie was initially pushed higher during the Friday's session, than pulled back on NFP figures, but by the end of the session managed to rebound once again and finish the session around 0.78 handle. Monday's session should be a steadier one, in which we believe that any type of supportive candles around 0.7750 and 0.7720 level in extension
would indicate short-term buying opportunity, while resistive candles above 0.7860 area would be short-term selling signal. On a long-term basis, we would for now avoid placing any larger bids, until we get more clear picture since pair is going through slight consolidation at the moment. Break above recent lows at 0.76 handle would indicate that pair is ready to test 0.75 handle, which is next major supportive area. 0.80 handle is still point where we can expect significant amount of resistance.
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