Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the descending channel and at the moment it is expected to try to continue falling to the area below the level of 0.73. In favor of the fall of the pair is the test of the downward trend line on the indicator of relative strength, as well as the upper channel test.
AUD/USD forecast Australian Dollar on May 17, 2017
The cancellation of the variant of falling quotations of the pair Australian Dollar to US Dollar AUD/USD will be the breakdown of the area of 0.7460, which will indicate the continued growth of the pair.
Among the important news from Australia, which can have a strong impact on the Australian Dollar to US Dollar AUD/USD, it is worth highlighting the Labor Force Price Index.
AUD/USD forecast Australian Dollar on May 17, 2017 suggests an attempt to fall within the rebound from the upper boundary of the descending channel with the potential to reduce the level of 0.73, the cancellation will be a breakdown of the upper boundary of the channel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
