Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7920. The pair continues to trade within the framework of a strong bullish momentum. It is worth to expect a correction attempt in the support area near the level of 0.78, where again we should expect a rebound and growth of quotations of the pair above 0.8050 level.
AUD/USD weekly forecast on July 24 — 28, 2017
In favor of growth, there will be a tight test of the support line on the indicator of relative strength. The cancellation of the growth of the AUD/USD pair will be a breakdown at the level of 0.7640, indicating that the pair will continue to decline.
Among the important news from Australia on the following trading week, which can have an impact on the AUD/USD rate is worth highlighting:
July 26, 2017, Consumer Price Index, Speech by the head of the Reserve Bank of Australia with a speech.
AUD/USD weekly forecast on July 24 — 28, 2017 suggests a correction attempt to the lower boundary of the channel, from which it is expected to rebound and the pair to rise above 0.8050, a breakdown of the level of 0.7650 will occur, indicating that the pair will continue to decline.
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