Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the rising channel. It is worth waiting for an attempt to continue the decline in the area below the level of 0.76, where again we should expect a rebound and growth of quotations of the pair in the area above the level of 0.7670.
AUD USD prediction & analysis on July 5, 2017
In favor of the growth of quotations AUD/USD will perform a tight test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth option can result in a breakdown of the support line on the indicator, which will indicate the acceleration of the pair’s decline.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting: The index of activity in the service sector from AiG.
AUD USD prediction & analysis on July 5, 2017 suggests an attempt to correct the pair in the area above the level of 0.7670, where again we should expect further decline, in favor of growth is the trend line test on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
