wrapper

AUD/USD Weekly Forecast – 03 July – 07 July

Friday, Jun 30 2017
AUD/USD Weekly Forecast – 03 July – 07 July

Aussie was pushed higher in the course of the last week, breaking even above 0.77 handle for one moment, however, this area is still somewhat resistive with pair pulling back slightly but finished the session near 0.77 level. Incline was mostly caused by obverall weaking of US dollar. Next week, weill be quite eventful with focus on RBA interest rate decision and NFP figures. Pair is likely to find support around 0.76 and 0.7650 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7750-0.78 handle.

Long-term looking, selling is not an option at the moment. We would consider using pullbacks as buying opportunities. Decisive break above 0.78 handle would also be strong buying signal.

More in this category: « EUR/USD Weekly Forecast – 26 June – 30 June GBP/USD Weekly Forecast – 03 July – 07 July »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.