Currency pair Australian Dollar US Dollar AUD USD continues to move in the upward trend, but the potential for a dip at the moment is stored. In favor of the drop in prices pair acts as the formation of topping forex head and shoulders pattern on the indicator of relative strength.
AUD USD Forecast Australian Dollar on February 17, 2017
It should be expected to fall in an attempt to support the area at the level of 0.76, with a breakdown of which is the potential for further reduction in the area below the level of 0.7520.
Cancellation option will drop in prices pair of strong growth and breakdown or rather the border of the rising channel, which points to the potential growth of quotations to local maximum. Important news from Australia tomorrow is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
AUD USD Forecast Australian Dollar on February 17, 2017 suggests an attempt to drop a pair of quotations within the mining forex reversal patterns on the indicator of relative strength with a potential target of the fall in the level below the 0.76 area, the cancellation will be the breakdown of the channel’s upper border.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
