The currency pair Australian Dollar to US Dollar AUD/USD continues to decline and is currently trading near the 0.7523 area. We continue to hold sales of the pair with a close stop-loss and are ready to increase sales as the AUD/USD quotes forex fall. In favor of continuing the decline of the pair is a rebound from the descending line of resistance on the indicator of relative strength, indicating a short-term bearish trend in the pair.
AUD/USD Forecast Australian Dollar on April 10, 2017
The immediate goal of the decline is the area at a level below 0.7480. The cancellation of the fall option can be a strong growth and breakdown of the area of 0.76.
Important news from Australia, which may have an impact on the AUD/USD exchange rate is not expected, so the pair will continue to move in the technical analysis of AUD/USD.
AUD/USD Forecast Australian Dollar on April 10, 2017 suggests an attempt to continue the decline in the area below the level of 0.7480 within the development of a downward trend, the downward trend of the downward trend line on the relative strength indicator will rise, as well as the pair’s quotations rise above 0.76.
