Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7553. The pair is testing the resistance and close the upper limit of the downward channel, and at the moment there is a potential for falling Australian dollar quotations in the area below the level of 0.73, with a breakdown of this area is expected to continue falling to below the level of 0.71.
AUD USD Forecast on January 23, 2017 — January 27, 2017
In favor of the version of the fall is the resistance of the downlink test indicator of relative strength. Cancellation option of reduction of quotations AUD/USD will become stronger growth and the breakdown of the area of 0.76, which points to continued growth in the region above the level of 0.7730.
Among the important news from Australia that can influence the course of the currency pair USD AUD on the next trading week stands out, the consumer price index 25 January 2017, it is expected that the rate will remain unchanged.
AUD USD Forecast on January 23, 2017 — January 27, 2017 suggests an attempt to fall in the rebound from the resistance area with the potential to reduce the level below the 0.73 area, the cancellation option will sample area 0.76.
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