Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward correction, but at the moment the pair has broken lower boundary of the rising channel, indicating that the attempt to turn the correction and the pair fall to below 0.74.
AUD USD Forex Forecast on January 23, 2017
In favor of the drop in prices AUD/USD appears breakdown of the trend line on the indicator of relative strength. We continue to hold the sale of the Australian dollar with a close stop. Cancellation option will drop in prices pair of strong growth above the local maximum level.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
AUD USD Forex Forecast on January 23, 2017 suggests an attempt to fall in the region at the level of 0.74 in the framework of working out the broken trend line on the indicator of relative strength.
