Currency Pair Australian Dollar to US Dollar AUD/USD continues to fall as part of the development of the downward wave model of Wolf. At this point, we should expect an attempt to continue lowering the quotations in the area below the 0.75 area.
AUD/USD Forecast Australian Dollar on 19 April 2017
In favor of falling into the local minimum area is the breakdown of the ascending support line on the indicator of relative strength. The abolition of the variant of decreasing the quotations of the Australian dollar will be the breakdown of the area of 0.7610, which will indicate the continuation of the growth of quotations of AUD/USD.
We continue to hold sales of the pair and are ready to increase sales as the decline is developing. Important news from Australia is not expected, so the pair will continue to move in the technical analysis of AUD/USD.
AUD/USD Forecast Australian Dollar on 19 April 2017 involves an attempt to attempt a minor correction and continue to lower the quotations in the area below the level of 0.75, by canceling the breakdown of the area of 0.7610.
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