Currency pair Australian Dollar to US Dollar AUD/USD finished the trading week at the level 0.7454. The pair continues to move within the bearish channel and at the moment there is a potential for falling quotations in the area below the level 0.73. In favor of the fall of the pair Australian Dollar to US Dollar AUD/USD, the downward resistance line test is on the indicator of relative strength index (RSI).
AUD/USD forecast on May 22, 2017 — May 26, 2017
The cancellation of the fall of the pair’s quotes will result in a strong growth and breakdown of the level 0.75, but further the pair will meet the next test of the upper boundary of the downward channel at the level 0.7545. A breakdown of this area will indicate a potential test of the local maximum level.
Among the important news from Australia, which may affect the exchange rate of the currency pair AUD/USD in the next trading week is:
May 22, 2017, Monday, Reserve Bank of Australia Deputy Governor Guy Debelle Speaks
AUD/USD forecast on May 22, 2017 — May 26, 2017 suggests an attempt to fall below 0.73, in favor of the decline is the bearish resistance line test on the indicator of relative strength index (RSI), the next resistance level will be the area 0.7545, the breakdown of which will indicate the potential growth at the local maximum level.
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