The currency pair Australian Dollar to US Dollar AUD USD continues to trade in a downward trend. At the moment, quotations of the pair are repelled from the upper boundary of the descending channel and there is a potential for continuing the decline in the area below the level of 0.74.
AUD/USD Forecast Australian Dollar on April 13, 2017
In favor of falling quotations of the pair will break the support line on the indicator of relative strength. The cancellation of the AUD/USD fall is likely to result in a strong breakdown of the upper boundary of the downward channel, which will indicate the continuation of the upward correction of the pair.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, Expectations on consumer price inflation, Unemployment rate, Change in the number of employed, Part-time employment.
AUD/USD Forecast Australian Dollar on April 13, 2017 involves an attempt to fall below 0.74 as part of the rebound from the upper boundary of the downward channel, the breakdown of the 0.7520 area will be an indication that the pair will continue to grow.
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