Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of strong growth. At the moment, we should expect an attempt to reduce the bullish channel into the region of the broken border and continue the growth of the pair.
AUD/USD forecast & technical analysis on July 17, 2017
In favor of the rebound of quotations of the pair AUD/USD will perform a tight test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.7740, indicating that the pair’s quotations continue to decline.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast & technical analysis on July 17, 2017 suggests an attempt to correct the region of the broken border of the rising channel, where again we should expect the pair to continue growing above the level of 0.79, the breakdown will be a breakdown at the level of 0.7760.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link