Long-term looking, selling is not an option after recent rebound, however we expect plenty of resistance on the way towards 0.80 handle.
AUD/USD Daily Forecast - 14 March
Aussie was initially pushed higher in the course of the yesterday's session, but found resistance near 0.79 handle and then pulled back going all the way to 0.7850 area by the end of the session. As for tomorrow, we would pay attention to China's Industrial Production figures. Pair is likely to find support around 0.78 and 0.7780 handle, so these would be our short-term buying points, while we can expect some amount of resistance above 0.79 handle.
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