Currency Pair Australian Dollar to US Dollar AUD USD continues to move in line with expectations and at the moment quotes were able to push off the top border of the descending channel. The purpose of the fall is the area at a level below 0.74, where the pair will meet with support in the form of the lower boundary of the rising channel.
AUD/USD Forecast Australian Dollar on March 15, 2017
In favor of continuing the decline is also the rebound of values of the indicator of relative strength from the descending line of the trend. We continue to hold down the pair’s sales and try new deals as the decline begins. The cancellation of the fall in AUD/USD quotations may be a strong growth and breakdown of the area of 0.7620, 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 15, 2017 suggests an attempt to continue falling quotations within the framework of working out the downward forex model 1:1 with the potential target of a decline at the level of 0.74.
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