The currency pair Australian Dollar to US Dollar AUD/USD has gone into the development of correction and is currently tightly testing the area of 0.7570. It is worth waiting for an attempt to fall into the area below the level of 0.75 within the rebound from the descending line of the trend on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on April 6, 2017
In favor of falling quotations of the pair AUD/USD, advocate the formation of a reversal forex model of the Head and shoulders at small time intervals. Cancellation of the variant of the fall of quotations will be the breakdown of the area of 0.76, which will indicate the continued growth of the pair in the area above the level of 0.7650.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, Speech of the Deputy Head of the Reserve Bank of Australia with a speech.
AUD/USD Forecast Australian Dollar on April 6, 2017 suggests an attempt to fall below the level of 0.75 as part of the downward resistance test on the relative strength indicator, the breakdown of the 0.76 region will be a cancellation.
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