Currency pair Australian dollar against the US dollar AUD USD continues to move in the downward trend, and at the moment there is a potential for the downlink test of the trend on the chart. The purpose of the fall is the closest region of support at 0.7150 below.
AUD USD Forecast Australian Dollar exchange rate on 01.10.2017
In favor of a continuation of falling of quotations of Australian dollar appears rebound values relative strength of the resistance line of the indicator, and there are risks of formation of forex model failure swing. Is expected to accelerate the fall of quotations currency pair AUD USD is a breakdown of the rising channel’s lower border.
Cancellation option will continue to grow above the level of 0.7370, which points to the breakdown of the trend line and the continuation of upward correction. Among the important news from Australia that can influence the course of AUD/USD January 10, 2017, stands out, retail sales are expected to decline from the level of 0.5% to 0.4%, which could put pressure on the Australian dollar.
AUD USD Forecast Australian Dollar exchange rate on 01.10.2017 suggests an attempt to fall in the rebound from the resistance area in the form of a downward trend line with the potential to reduce to below 0.7150 area.
