Currency Pair Australian Dollar against US Dollar AUD/USD continues to move near the broken border of the downward channel and at the moment there is still potential for falling quotations in the area below the level of 0.73. In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength.
AUD/USD Australian Dollar Forecast & News on May 15, 2017
Cancellation of the variant of falling quotations AUD/USD will break through the area of 0.7430, which indicates the continued growth of quotations in the area above the level of 0.75. Expect the acceleration of the fall of the pair The Australian Dollar against the US Dollar stands with the breakdown of the local minimum area.
Important news from Australia is not expected, so the pair AUD/USD will continue to move in the technical analysis of AUD/USD.
AUD/USD Australian Dollar Forecast & News on May 15, 2017 involves an attempt to test the punched channel boundary and continue the decline to below the level of 0.73, an additional signal is the downward trend test on the relative strength indicator.
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