Currency pair Australian Dollar to US Dollar AUD USD continues to decline and at the moment the pair has tested the support area. It is worth waiting for an attempt to continue falling quotations of the pair in the area below the level of 0.7535. In favor of the fall is the breakdown of the line of the neck on the indicator of relative strength, which indicates the continuation of the decline and development of the reversal forex model of the head and shoulders. Cancellation of the fall option will be a strong increase above the level of 0.7680, indicating that the Australian dollar will continue to grow.
AUD/USD Forecast Australian Dollar on April 4, 2017
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, the Reserve Bank of Australia’s decision on the basic interest rate is expected to remain at 1.50%, but this event can provoke a strong increase in volatility in pairs with participation Australian Dollar, the Covering Statement of the Bank of Australia, the speech of the head of the Reserve Bank of Australia Philip Lowe. AUD/USD Forecast Australian Dollar on April 4, 2017 suggests an attempt to continue the decline in the area below the level of 0.7540 as part of the development of the head and shoulders model on the relative strength indicator.
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