The currency pair Australian Dollar to US Dollar AUD/USD is testing the support area of the reversal Forex model Double top. It is worth waiting for an attempt to rebound and continue the fall of the pair in the area below the level of 0.74.
AUD/USD Forecast Australian Dollar on April 11, 2017
In favor of the decline is the breakdown of the lower border of the descending channel, which is a strong signal for the sale of AUD/USD. The cancellation of the fall of the pair’s quotes may result in a strong growth and breakdown of the area of 0.7560, which will indicate the continued growth of AUD/USD.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting the Business Confidence Index NAB.
AUD/USD Forecast Australian Dollar on April 11, 2017 suggests an attempt to continue the decline to the area below the level of 0.74 as part of the start of the reversal pattern. The double top, the cancellation will be the breakdown of the area of 0.7560.
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