Currency pair Australian Dollar US Dollar AUD USD continues to move through the correction, but as soon as the pair quotes meet resistance test in the form of a downward trend line. We should expect the attempt to rebound and fall to the lower boundary of the rising channel.
AUD USD Forecast Australian Dollar on March 1, 2017
Break of the support area and the channel will indicate the completion of the upward correction and continue to fall below the level of 0.76. We try aggressive selling the pair with the tight stop loss above the area of the local maximum and are ready to increase the volume of sales to the extent of the fall in quotations AUD/USD forex.
Among the important news from Australia that can influence the course of the currency pair AUD/USD, is to provide, change in the volume of GDP.
AUD USD Forecast Australian Dollar on March 1, 2017 assumes a slight increase to 0.77 and the beginning of fall in the rebound from the descending trend line on the indicator of relative strength.
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