Currency Pair Australian Dollar against US Dollar AUD USD continues to move within the limits of the decline and at the moment the pair quotes were able to break through the lower boundary area of the rising channel. It is worth waiting for an attempt to continue falling quotations of the Australian dollar in the area below the level of 0.7535.
AUD/USD Forecast Australian Dollar on March 27, 2017
In favor of continuing the decline of the pair is the breakdown of the ascending trend line on the indicator of relative strength. Canceling the option of reducing the quotations AUD/USD will be a breakdown of the area of 0.7620, which will indicate the return of quotations inside the rising channel.
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 27, 2017 suggests an attempt to continue the decline in the area below the level of 0.7535 as part of working through the broken trend line on the indicator of relative strength, the cancellation will be a return above the area of 0.7620.
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