Currency Pair Australian Dollar against US Dollar AUD USD continues to move within the limits of the decline, but at the moment quotations can test the upper limit of the downward channel near the area of 0.7570. Whence again it is necessary to expect continuation of falling of quotations of pair. The closest target of the decline is the area at the level of 0.7450.
AUD/USD Forecast Australian Dollar on March 13, 2017
In favor of continuing falling quotations of the pair AUD/USD is the test of the downward trend line on the indicator of relative strength. The cancellation of the fall option will be the breakdown of the area of 0.7595, which will indicate the continuation of the upward trend in 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 March 13, 2017 suggests a test of the upper boundary of the downward channel and the continuation of the decline in the area below the level of 0.7450.
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