Currency pair Australian Dollar to US Dollar AUD USD continues to trade near the local maximum area. At the moment, there is a potential for falling quotations in the region at the level of 0.7600 as part of the formation of an upward Forex 5-0 model. In favor of continuing the decline of the pair will breakdown the upward trend line on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on March 20, 2017
To expect the continuation of the fall is with the breakdown of the area of 0.7570, which indicates the continuation of the fall in the area below the level of 0.75. Abolishing the option of reducing the Australian dollar pair will be a breakdown of the area of 0.7750, 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 20, 2017 suggests an attempt to fall to the bottom of the bottom of the upward pattern near the area of 0.7600, from which one should expect a rebound attempt.
