AUD/USD Weekly Forecast – 17 April – 21 April

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Sunday, Apr 16 2017

AUD/USD Weekly Forecast – 17 April – 21 April

Aussie formed support around 0.7480 area in the initial part of the last week and was then pushed higher going all the way to 0.7580 area, being supported by rather good Australian job figures. As for next week, with no major data releass we can expect a steadier week. Pair is likely to find support around 0.7530 and 0.7480 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7670 handle.

Long-term looking, at the moment it is best to stay on the sidelines, however selling is not an option, as long as we are above 0.74 area. We would consider using pullbacks as buying opportunities.

More in this category: « EUR/USD Weekly Forecast – 10 April – 14 April GBP/USD Weekly Forecast – 17 April – 21 April »

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