Currency Pair Australian Dollar against US Dollar AUD/USD continues to move within the framework of the Forex Triangle model and is trading near the area of 0.7550. It is worth waiting for an attempt to fall and breakdown the lower boundary of the model.
Analysis & AUD/USD Forex Forecast on April 26, 2017
The purpose of the fall is the area below the level of 0.7480, the breakdown of this area will indicate the continued decline in the pair’s quotations as part of the Triangle Forex Trial. In favor of the drop is a rebound from the descending line of the trend on the indicator of relative strength.
The cancellation of the AUD/USD fall will result in a strong growth and breakdown of the 0.7600 area, which will indicate that the pair’s quotations continue to grow. Expect the acceleration of the fall is with the breakdown of the upward trend line on the indicator of relative strength.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, the Consumer Price Index, is expected to slightly change the index from 0.5% to 0.6% in monthly terms.
Analysis & AUD/USD Forex Forecast on April 26, 2017 involves an attempt to fall into the support area near the area of 0.7480 within the rebound from the upper boundary of the Forex Triangle model, the cancellation will become the breakdown of the area of 0.7600.
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