Currency pair Australian Dollar to US Dollar AUD USD continues the attempt of correction development, quotes have broken the upper boundary of the downward channel and at the moment with the breakdown of the area 0.7610 it is expected to accelerate the growth of quotations to the area above the level of 0.7660.
AUD/USD Forecast Australian Dollar on March 16, 2017
However, for the time being, while the relative strength indicator values are testing the downward trend line, we should expect an attempt to fall below the level of 0.7500. However, in case of breakdown of the resistance area, it is worth keeping the sales of the AUD/USD pair.
Among the important news from Australia, which may affect the exchange rate of the AUD/USD currency pair, it is worth highlighting, the unemployment rate is expected to remain at the same level of 5.7%, the change in the number of employees, a slight increase in the indicator from the level of 13.5K to the level 16.3K.
AUD/USD Forecast Australian Dollar on March 16, 2017 suggests an attempt to fall into the 0.75 area within the rebound from the descending line of the trend on the indicator of relative strength, the elimination of the option will be the breakdown of the area of 0.7610.
