The pair AUD USD Australian Dollar continues to trade under pressure due to test the descending trend line on the indicator of relative strength. At the beginning of the next trading week of July 18, 2016 — July 22, 2016, we expect the beginning of falling from the current levels.
AUD USD forecast for the week July 18, 2016 — July 22, 2016
Potential purpose of completing the area below the level of 0.73 with a high probability of continuing USD AUD quotations drop to below 0.72. We continue to hold the sale AUD USD with a close stop loss. Cancellation option depreciation of the Australian dollar against the US dollar will increase in quotes above the AUD USD 0.77, which points to a continuation of the upward movement.
AUD USD forecast for the week July 18, 2016 — July 22, 2016 suggests an attempt to drop a pair in the rebound of the indicator of the relative strength of the resistance line.
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