The currency pair Australian dollar to US dollar AUD/USD is trading near the level of 0.7552. The pair continues to move within the downward trend due to the intersection of moving averages at the level of 0.7635. The values of the MACD indicator are decreasing and at the moment there are no signals in favor of forming a divergence, which also indicates the potential development of a fall in the pair.
AUD/USD Technical analysis on April 5, 2017
It is worth waiting for an attempt to test the area of moving averages near the level of 0.7580 and the continuation of the fall in the quotations of the Australian Dollar pair in the area below the level of 0.7480. The cancellation of the fall in the quotations of the AUD/USD currency pair will result in strong growth and breakdown of the slow moving average area with the closing of quotes above the level of 0.7640, which will indicate a change in the trend in favor of the upside.
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