Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week at the level 0.7454. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the pair Australian Dollar to US Dollar. At the moment, quotes of the pair test the average border of the indicator Bollinger Bands. It is worth expecting a correction to the moving average with a period of 55 near the level of 0.7500, where again we should expect an attempt to continue the decline with the first target near the level 0.7260.
AUD/USD forex prediction on May 22 — 26, 2017
The conservative sales area is near the upper boundary of the Bollinger Bands indicator strip at 0.7570. The cancellation of the continuation of the fall of the pair AUD/USD will be a breakdown of the moving average region with a period of 55, as well as the upper border of the indicator bands and the closing of the pair’s quotations above the 0.7620 area, which indicates a change in the trend in favor of the bullish in the pair Australian Dollar to US Dollar AUD/USD. In the event of a breakdown of the lower border of the indicator strip, we expect to accelerate the fall of the pair AUD/USD into the area below the level of 0.7260.
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