The currency pair Australian Dollar against the US Dollar AUD/USD went into the development of the upward correction, but the potential for falling pair quotes remains. AUD/USD tests the area of the upper boundary of the downlink, it is worth expecting a rebound in the area below the level of 0.73.
AUD/USD Prediction Australian Dollar on May 11, 2017
Cancel the option of falling quotations of the pair continues the Australian Dollar to the US Dollar will break through the area of 0.74, indicating that the growth of quotations continues. An additional signal is the resistance area test on the relative strength indicator.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, Expectations for consumer price inflation, the past value of the indicator was at 4.1%.
AUD/USD Prediction Australian Dollar on May 11, 2017 suggests a rebound from the upper boundary of the downward channel and the beginning of the fall as part of the 1:1 bear model, with the potential target of reducing near the 0.7250 area.
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