Currency Pair Australian Dollar to US Dollar AUD USD continues to move as part of a downward trend. At the moment, pair quotes are tightly testing the resistance area and there is a potential for continuing the fall into the lower boundary area of the rising channel.
AUD/USD Forecast Australian Dollar on March 10, 2017
We continue to hold sales of the pair and try new deals in favor of the fall. The cancellation of the option may be a strong increase above the level of 0.7580, which indicates the continuation of the lower one. In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength.
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 March 10, 2017 suggests an attempt to continue falling into the area below the level of 0.74 as part of continuing the development of a downward trend in the pair.
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