The currency pair Australian Dollar to US Dollar AUD/USD continues to move outside of the rising channel and is currently trading near the area of 0.7646. It is worth expecting a tight test of the resistance area and continuing the decline with breakdown of the support level of 0.76.
AUD/USD Forecast Australian Dollar on March 30, 2017
In favor of falling quotations of the pair is the formation of the reversal Forex Head and Shoulder models on the indicator of relative strength, which also indicates a drop already from current levels. Expect the acceleration of the fall in quotations AUD/USD is with the breakdown of the area of 0.7600, which indicates the breakdown of support, the next goal of the drop will be the area below the level of 0.75. The cancellation of the option will be the return of quotations inside the uplink and the breakdown of the area 0.77.
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 30, 2017 suggests an attempt of a minor correction and continuation of the decline in the area below the level of 0.76, the cancellation will be the breakdown of the area of 0.77.
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