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AUD/USD Weekly Forecast – 24 April – 28 April

Friday, Apr 21 2017
AUD/USD Weekly Forecast – 24 April – 28 April

Aussie was initially pushed higher in the course of the last week, but found resistance above 0.76 handle, and then pulled back all the way to 0.75 area, where pair found some amount of support and managed to rebound by the end of the week. Next week we would pay attention to Australian CPI figures. Pair is likely to find support around 0.75 and 0.7450 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7630 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.

Last modified on Friday, 21 April 2017
More in this category: « EUR/USD Weekly Forecast – 24 April – 28 April AUD/USD Weekly Forecast – 01 May – 05 May »

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