Currency pair Australian Dollar to US Dollar AUD USD has shown strong growth and at the moment quotes are testing the upper bound of the Forex forex Triangle model. It is worth the attempt to rebound and fall into the area below the level of 0.7640, the breakdown of which will indicate the continuation of the decline in the area below the level of 0.7520.
AUD/USD Forecast Australian Dollar on March 17, 2017
In favor of the rebound option is the resistance area test on the relative strength indicator. Canceling the variant of falling quotations AUD/USD will break through the area of 0.7750, which will indicate the continuation of the development of the upward trend within the Triangle model development.
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 17, 2017 suggests an attempt to fall within the rebound from the resistance area with the first target near the level of 0.7620, in case of a rebound from the lower boundary of the rising channel, one should again expect a tight test of the resistance area of the pair.
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