Currency pair Australian Dollar to US Dollar AUD/USD finished the trading week at 0.7576. The pair continues to trade within the framework of the Triangle model and at the moment there is still potential for falling quotations in the area below the level of 0.74. In favor of reducing the pair AUD/USD will perform a tight test of the downward trend line on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on April 17 — 21, 2017
The cancellation of the fall of the pair in the current trading week will be a strong growth and breakdown of the area of 0.7770, which will indicate the output of quotations outside the Triangle. Expect the acceleration of the fall of the Australian Dollar is with the breakdown of the lower boundary of the rising channel.
Among the important news from Australia that can influence the exchange rate of the currency pair AUD/USD during the next trading week, the Protocol of the Meeting of the Reserve Bank of Australia on Monetary Policy April 18, 2017.
AUD/USD Forecast Australian Dollar on April 17 — 21, 2017 suggests an attempt of minor correction in the area above the level of 0.76 and continuation of the fall in the area of 0.74 within the test of the downward resistance line on the indicator of relative strength, the cancellation of the fall variant will be a strong increase in the breakdown of the area of 0.7770.
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