Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the formation of the «Head and Shoulders» reversal pattern. It is worth waiting for an attempt to grow the pair in the area above the level of 0.7650.
AUD/USD forecast Australian Dollar on July 10, 2017
Where the formation of the right shoulder of the model is expected to end and the pair’s quotes fall into the area below the level of 0.7450. In favor of the upward correction is the test of the support line on the indicator of relative strength index (RSI). The cancellation of the variant of the fall of the pair will result in a strong growth and breakdown of the area of 0.7740, which will indicate the continued growth of the pair.
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 July 10, 2017 suggests an attempt to increase to the area of 0.7650, where again we should expect the pair to continue falling below 0.7450, the cancellation of the decline option will be a breakdown of the local maximum level.
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