Long-term looking, selling is not an option at the moment. We would consider using pullbacks as buying opportunities. Decisive break above 0.80 handle would be a strong buying signal.
AUD/USD Weekly Forecast – 18 September – 22 September
Aussie pulled back in the course of the last week going all the way to 0.7950 handle, as area above 0.8050 level proved to be too resistive for the pair at the moment. However, pair managed to rebound slightly in the second part of the week supported by rather good Australian job figures, with pair closing the week around 0.80 handle. Next week, focus will be on US figures and especially Fed's interest rate decision. Pair is likely to find support around 0.79 and 0.7850 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.8050-0.81 handle.
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