Long-term looking, despite this rebound buying is still not an option, however we expect plenty of support on the way towards 0.75 handle.
AUD/USD Daily Forecast - 27 March
Aussie formed support around 0.77 handle in the course of the yesterday's session and was then pushed higher going all the way to 0.7750 area, around which it finished the session. As for tomorrow, with no major data releases we expect similar session with focus on commodity prices. Pair is likely to find support around 0.77 and 0.7680 handle, so these would be our short-term buying points, while we can expect some amount of resistance near 0.78 handle.
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