Currency pair Australian Dollar to US Dollar AUD USD continues to move within the correction, but the potential for continued decline remains. In favor of the decline is a tight test of the downward trend line on the indicator of relative strength, as well as the proximity of the resistance area on the price chart.
AUD/USD Forecast Australian Dollar on March 14, 2017
The cancellation of the variant of falling of quotations of the Australian dollar will be performed by the breakdown of the area of 0.7650, which will indicate the continuation of the development of the upward correction in the pair. Expect the acceleration of the fall in quotations of the Australian dollar is with the breakdown of the support area 0.7520.
Among the important news from Australia, which can influence the exchange rate of the currency pair AUD/USD, it is worth highlighting the Business Confidence Index NAB.
AUD/USD Forecast Australian Dollar on March 14, 2017 suggests an attempt to continue falling within the rebound from the resistance area with the potential target to decline near the level of 0.7400.
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