Currency pair Australian Dollar to US Dollar AUD/USD continues to move in ascending correction. At the moment, we should expect an attempt to test the area of 0.7470, where we can expect the pair to start falling.
AUD/USD forecast Australian Dollar on May 23, 2017
In favor of the fall, a downtrend line test on the relative strength index (RSI) indicator will perform, as well as the formation of the forex pattern “Wedge”. The cancellation of the variant of falling of quotations Australian Dollar to US Dollar will result in a breakdown of the area of 0.7500, which will indicate the continued growth of the pair.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast Australian Dollar on May 23, 2017 involves an attempt to test the upper bound of the forex pattern “Wedge” and the beginning of the fall in the area below the level of 0.7380, an additional signal will be a downward trend test on the indicator of relative strength, the cancellation of the growth scenario will be a “Wedge” model breakdown.
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