Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the bearish channel. It is worth pressing down and trying to fall below the level of 0.7350. In favor of the fall of the pair AUD/USD is a rebound from the downward trend line on the indicator of relative strength index (RSI).
AUD/USD prediction Australian Dollar on May 19, 2017
And also the formation of the bearish Wolfe wave. The cancellation of the falling of quotations Australian Dollar to US Dollar AUD/USD will be the breakdown of the area of 0.7480, which will indicate the continuation of the upward correction for the pair. Expect to accelerate the fall is with the breakdown of the area 0.74.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis AUD/USD.
AUD/USD prediction Australian Dollar on May 19, 2017 suggests an attempt to fall below the level of 0.7350, an additional signal in favor of the fall is the downward resistance line test on the indicator of relative strength index (RSI), the cancellation will be the breakdown of the level 0.7480.
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