Currency pair Australian Dollar to US Dollar AUD/USD continues to move near the area of 0.7590. It is worth waiting for an attempt to drop the quotations in the support area and below the level of 0.7250. In favor of falling quotations AUD/USD enters the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
AUD/USD technical analysis & signals on June 20, 2017
The abolition of the fall option will be the breakdown of the local maximum region, which will indicate the continued growth of the pair. Expect to accelerate the decline in the Australian Dollar, with a breakdown of 0.7570.
Among the important news from Australia, which can have a strong impact on the Australian dollar, there are: The Protocol of the Reserve Bank of Australia meeting on monetary policy, the Housing Price Index is expected to decline from 4.1% to 2.2%.
AUD/USD technical analysis & signals on June 20, 2017 implies an attempt to drop quotations to the area below the level of 0.7520 as part of the development of the «Head and Shoulders» reversal model on the relative strength indicator, and the breakdown of the local maximum region will be a cancellation.
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