The pair AUD USD at the current trading week, continued to trade near a local maximum level. Presumably, we should expect the pair attempt to rise in share price to 0.77, which is expected to complete the formation of Forex Triangle patterns and started falling to the lower boundary of the model at a level below 0.72 areas.
AUD USD Forecast on February 13, 2017 — February 17, 2017
In favor of a drop in prices of the Australian dollar is testing the resistance line on the indicator of relative strength, also have the potential to form a reversal pattern Forex Head and Shoulders on the display.
Cancellation option of falling of pair of quotes in the area below the 0.72 level will rise above the level of 0.78 pairs that indicate a couple of quotations going beyond the upper boundary of the triangle model.
Among the important events in the next trading week, 13 – 17 February 2017, which could have a strong impact on the Australian dollar, we should mention, unemployment rate, change in the number of employees, the data will be published in the February 16 201 years.
AUD USD Forecast on February 13, 2017 — February 17, 2017 suggests an attempt at field test 0.77 and the beginning of fall in the framework of completion of the forex Triangle model with the potential to reduce near the lower boundary of the model at the level of 0.72.
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