The currency Pair Australian Dollar to US Dollar AUD/USD continues to test the breached border of the rising channel. At the moment there is still potential for falling of quotes of the pair within the limits of working off of the descending Forex model 5-0 with the potential purpose of reduction near the area of 0.76.
AUD/USD Forecast Australian Dollar on March 31, 2017
The cancellation of the fall of the pair will result in a strong growth and breakdown of the 0.77 area, which will indicate that the price of AUD/USD will continue to rise above 0.7760. In favor of the fall of the Australian dollar pair is the formation of a reversal forex model of the Head and shoulders on the indicator of relative strength.
With the breakdown of the 0.76 area, one should expect the pair to continue falling below 0.75. 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 31, 2017 involves an attempt to fall below 0.76 as part of the downgrade model 5-0, the cancellation will be a strong increase above 0.77.
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