Currency pair Australian dollar against the US dollar AUD USD continues to move through the formation of topping forex model and breakdown of 0.7510 area is expected to accelerate and fall of the Australian dollar quotations in the area below the level of 0.74.
AUD USD Forecast Australian Dollar on January 31, 2017
We try aggressive sales of AUD/USD with a close stop. In favor of a continuation of the fall is the rebound of a downward trend line on the indicator of relative strength. Cancellation option will increase in quotes above a strong local maximum level that points to continued growth of quotations of AUD/USD.
Among the important news from Australia that can affect the rate AUD USD is to provide, the business confidence index NAB.
AUD USD Forecast Australian Dollar on January 31, 2017 to try presupposes continuation of falling of a breakdown of support for the region in order to reduce the level below 0.74 area.
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