Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7667. The pair could test the upper limit of forex triangle patterns, indicating a potential decrease in quotations from current levels to the lower boundary of the model at the level of 0.7150. In favor of a drop in prices AUD/USD appears rebound values relative strength indicator from the line of resistance.
AUD/USD Forecast on 27 February, 2017 — 3 March, 2017
The immediate goal of the fall of the Australian dollar quotations on the area below 0.7420. Cancellation option will drop the pair breakdown of the upper limit of forex model Triangle up, which indicates an increase and a continuation of the probable change of trend for the pair AUD/USD.
Among the important news from Australia that can influence the course of the currency pair USD AUD on the next trading week stands out, Change of GDP 1 March 2017.
AUD/USD Forecast on 27 February, 2017 — 3 March, 2017 suggests an attempt to fall in the rebound from the top of the forex model triangle with the first target at 0.7420 and below the area of the potential target of the fall at the lower boundary of the triangle pattern near the level of 0.7150.
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