Currency pair Australian Dollar US Dollar AUD USD continues to move in the development of ascending correction currently quotes pair reached resistance area, and has the potential to rebound and start reducing.
AUD USD forex forecast on January 5, 2017
An additional signal favor of the Australian dollar quotations fall is the dense test downward trend line on the indicator of relative strength. Cancellation option drop in prices pair with the target to below 0.7150 area, will break through the resistance and rising above the level of 0.7305, which indicates continued growth of quotations en couple.
Among the news from Australia tomorrow, January 5, 2017 stands out, the activity index in the services sector by AiG.
AUD USD forex forecast on January 5, 2017 involves an attempt to rebound from the resistance and began to fall below the level of 0.7150, the cancellation option will break-down area 0.7305, which points to continued growth in the Australian dollar prices.
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