Currency pair Australian Dollar US Dollar AUD USD continues to move in the reduction and at the moment there is the potential for the breakdown of the support and reduce the quotations in the area below the level of 0.7540.
AUD USD Forecast Australian Dollar on February 20, 2017
In favor of the continuation of falling of pair of quotations serves breakdown support line on the indicator of relative strength, it also points to the decline and breakdown of the nearest support area.
Cancellation option will be a strong growth of quotations AUD/USD above the 0.7720 level, which points to continued growth in the region above the level of 0.78.
Important news from Australia 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 20, 2017 suggests an attempt to continue to fall below the level of 0.7540 in the framework of the output pair of quotes for the rising channel.
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