Currency pair Australian Dollar to US Dollar AUD USD continues to trade near the resistance area and at the moment there is a potential for rebound and fall into the support area near the 0.76 area. In favor of the fall is the breakdown of the ascending trend line on the indicator of relative strength.
AUD/USD Forecast Australian Dollar on March 22, 2017
Cancellation of the option can be a breakdown of the area 0.7770, which indicates the exit of quotations outside the Triangle model, which will indicate the continued growth of the AUD/USD pair.
Among the important news from Australia, which may influence the exchange rate of the AUD/USD currency pair, it is worth highlighting, Speech of the Deputy Head of the Reserve Bank of Australia with a speech.
AUD/USD Forecast Australian Dollar on March 22, 2017 suggests an attempt to rebound from the resistance area with the potential target to decline near the level of 0.76, in favor of the decline, perform a breakdown of the trend line on the relative strength indicator.
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