AUD/USD Weekly Forecast - 19 February - 23 February

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Friday, Feb 16 2018

AUD/USD Weekly Forecast - 19 February - 23 February

Aussie was pushed higher in the course of the last week, going all the way near 0.80 handle, being supported by rather good Australian job figures as well as mixed US reports. However, pair found plenty of resistance near 0.80 area and pulled back in order to close the week slightly above 0.79 handle. As for next week, focus will be more on US figures. Pair is likely to find support around 0.78 and 0.7780 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.80-0.8050 handle.

Long-term looking, buying is not an option at the moment, despite this rebound, as we expect plenty of resistance above 0.80 area.

More in this category: « EUR/USD Weekly Forecast - 12 February - 16 February GBP/USD Weekly Forecast - 19 February - 23 February »

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