The currency pair Australian Dollar to US Dollar AUD/USD continues to fall and at the moment quotations have approached the support area near the level of 0.75. It is worth waiting for an attempt to break this area and continue the decline to a level of 0.74.
AUD/USD Forecast Australian Dollar on April 20, 2017
With the breakdown of the support area, you should expect to complete the formation of the reversal forex model Double top, which indicates the continuation of the fall in Australian dollar quotations in the area below the level of 0.72. By canceling the option of lowering the quotations of AUD/USD, there will be strong growth and breakdown of the area of 0.76, which will indicate the continuation of development of growth by pair.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, the confidence indicator in the business environment from NAB.
AUD/USD Forecast Australian Dollar on April 20, 2017 involves an attempt to breakdown the support area of the reversal Forex model of the Double Top, which will indicate the acceleration of the pair’s price decline in the area below the level of 0.72.
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