Currency pair Australian Dollar to US Dollar AUD USD continues to move within the rising channel. At the moment, the potential for a tight test of the lower boundary of the channel near the 0.76 region remains. In favor of the continuation of the fall is the test of the downward trend line on the indicator of relative strength, which also indicates the continuation of the decline.
AUD/USD Forecast Australian Dollar on March 24, 2017
With the breakdown of the region of the tender boundary of the rising channel, we should expect the decline to continue below the level of 0.7540. The cancellation of the option may be a breakdown of the area of 0.77, in which case we should expect the pair to continue growing.
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 24, 2017 suggests an attempt to fall to the lower boundary of the uplink near the level of 0.76, the breakdown of which will indicate the continuation of the decline in the pair.
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