Currency Pair Australian Dollar to US Dollar AUD USD continues to trade near the upper limit of the Forex Triangle model, one should expect an attempt to rebound and fall of the pair’s quotes. In favor of the decline is the formation of a reversal forex model of the Head and shoulders on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on March 21, 2017
Expect to accelerate the fall is with the breakdown of the lower boundary of the rising channel. The cancellation of the option may result in a strong growth of the pair above the 0.7790 area, which will indicate the continuation of the Australian dollar’s growth.
Among the important news from Australia, which may affect the exchange rate of the AUD/USD currency pair, is worth highlighting, the Protocol of the Reserve Bank of Australia meeting on monetary policy, the index of housing prices.
AUD/USD Forecast Australian Dollar on March 21, 2017 suggests an attempt to fall as part of the development of the reversal Forex model on the relative strength indicator with the potential target to decline near the level of 0.7650.
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