Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the bearish channel. The potential remains for the rebound from the upper boundary and the continuation of the decline of the pair into the area below the level 0.73.
AUD/USD forecast Australian Dollar on May 22, 2017
In favor of the fall is another test of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the fall in the quotations of the Australian Dollar to US Dollar AUD/USD will be the breakdown of the area 0.7490, which will indicate the continued growth of the pair. Expect to accelerate the decline is with the breakdown of the support area 0.7390.
Important news from Australia is not expected, so the pair Australian Dollar to US Dollar AUD/USD will continue to move in the technical analysis of AUD/USD.
AUD/USD forecast Australian Dollar on May 22, 2017 suggests an attempt to fall below the level of 0.73 within the rebound from the upper boundary of the bearish channel, the cancellation will be breakdown of the level 0.7490, in which case it is expected to continue growing.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
