The currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of the downward Forex model 5-0 and at the moment the pair is trading near the upper border of the channel. It is expected to rebound and fall in quotations in the area below the level of 0.7480.
AUD/USD Forecast Australian Dollar on April 24, 2017
In favor of falling quotations of the Australian Dollar pair is the test of the downward resistance line on the indicator of relative strength. Cancellation of the variant of falling quotations of the pair will be the breakdown of the area 0.7560.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis of AUD/USD.
AUD/USD Forecast Australian Dollar on April 24, 2017 suggests an attempt to fall below 0.7480 within the start of the downgrade of the downward Forex 5-0 model, a breakdown will be a breakdown of the upper boundary of the descending channel, which indicates the continued growth of the pair.
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