Currency pair Australian Dollar to US Dollar AUD/USD continues to move in anticipation. At the moment, there is a potential for the pair to fall into the support area at 0.7970, then continue to rise above 0.8080. In favor of the growth of the AUD/USD pair is the formation of an bullish 5-0 model.
AUD/USD forecast & technical analysis on July 28, 2017
The cancellation of the pair’s growth option will result in a drop and breakdown at the level of 0.7950, indicating that the pair will 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 28, 2017 suggests an attempt to test the lower border of the rising channel on a level of 0.7970, from which we should expect a rebound and continued growth of the pair with a target above 0.8080.
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