Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the rising channel. It is worth to expect an attempt to break through the support area and fall of the pair’s quotations to the lower channel boundary area on the 0.7585 window.
AUD/USD Forecast Australian Dollar on July 4, 2017
In favor of the drop, the values of the relative strength indicator from the resistance line rebound. Cancellation of the variant of the fall in the quotes of the Australian Dollar pair will be a breakdown of the area of 0.7730, which will indicate the continued growth.
Among the important news from Australia, which can have a strong impact on the Australian dollar, there are: The Reserve Bank of Australia’s decision on the basic interest rate, the Covering Statement of the Reserve Bank of Australia.
AUD/USD Forecast Australian Dollar on July 4, 2017 suggests an attempt to fall to the lower border of the channel at the level of 0.7585, the elimination of the option will be the breakdown of the area of 0.7730, in which case it is expected to continue the growth of the pair.
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