The currency pair Australian Dollar to US Dollar AUD/USD continues to trade within expectations and at the moment quotes are testing the area of the lower boundary of the Forex Triangle model. It is worth waiting for an attempt to continue the decline in the area below the level of 0.74.
AUD/USD Forex Forecast & Technical Analysis on April 27, 2017
In favor of falling quotations of the Australian Dollar, a breakdown of the support line on the indicator of relative strength will perform. Cancellation of the variant of falling of quotations AUD/USD will be a breakdown of the region of the upper boundary of the model, which will indicate the continued growth.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, Speech by the head of the Reserve Bank of Australia with a speech.
AUD/USD Forex Forecast & Technical Analysis on April 27, 2017 suggests an attempt to continue the decline in the Triangle Triangle Triangle with a potential drop target near the area of 0.74, the cancellation will be a breakdown of the area of 0.76.
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