The currency pair Australian Dollar to US Dollar AUD/USD continues to trade near the area of 0.7588. At the moment, there is the potential for updating the local maximum area and the beginning of the fall of the pair’s quotations to the area below the level of 0.7540 as part of the development of the bearish wave model of Wolf. The cancellation of the fall of the pair quotes will result in the breakdown of the area of 0.7620, which will indicate the continued growth of quotations AUD/USD. Expect to accelerate the decline of the pair is with the breakdown of the upward trend line on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on April 18, 2017
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting the Reserve Bank meeting of the Reserve Bank of Australia on monetary policy.
AUD/USD Forecast Australian Dollar on April 18, 2017 involves an attempt to test the area of 0.7595 and the beginning of the fall as part of the development of the bearish wave model of Wolff with the potential target to decline near the area of 0.7540.
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