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 – 25 September – 29 September
Aussie broke higher initially last week going all the way to 0.81 handle, but after hawkish Fed comments and rather good US figures pair pulled back all the way to 0.79 handle where it found some amount of support and managed to rebound slightly in order to finish the week around 0.7950 area. With no major data releases from Australia next week, we would be more focused on US figures. Pair is likely to find support around 0.7880 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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