The currency pair Australian dollar to US dollar AUD/USD finished the trading week at the level of 0.7499. The pair continues to move within the framework of the Forex Triangle model and at the moment the potential for continuing the fall of quotations in the area below the level of 0.72 remains.
AUD/USD Forecast Australian Dollar on April 10 — 14, 2017
In favor of the fall is the breakdown of the upward trend line on the indicator of relative strength, as well as the formation of the reversal model Double top. Expect to accelerate the fall in quotations AUD/USD is with a breakdown of the area of 0.7470. The cancellation of the variant of continuation of falling of quotations becomes breakdown of the area of 0.7790 that will indicate the way out of the model and the continued growth of the pair.
Among the important news from Australia, which may affect the exchange rate of the currency pair AUD USD in the next trading week is worth highlighting, the unemployment rate, as well as the change in the number of employees on April 13, 2017.
AUD/USD Forecast Australian Dollar on April 10 — 14, 2017 suggests an attempt to continue falling quotes of the pair in the area below the level of 0.72 as part of the development of the reversal model. The double top, the cancellation will be the breakdown of the area of 0.7790.
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