Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.76. The pair continues to trade within the framework of the forex pattern «Triangle». It is worth to wait for the test of the level of 0.7650 and the beginning of the fall of quotations in the area below the level of 0.73.
AUD/USD weekly forecast June 19 — 23, 2017
In favor of the drop is the resistance area test on the relative strength index. The cancellation of the variant of falling of the Australian Dollar to US Dollar will be the breakdown of the area of 0.77, which will indicate the exit of quotations beyond the upper border of the channel and continue the growth in the area above the level of 0.80. Expect the acceleration of the fall in quotations of the pair AUD/USD is with the breakdown of the line of the uptrend on the indicator of relative strength.
Among the important news from Australia, which may affect the exchange rate of the currency pair AUD/USD in the next trading week is:
June 20, 2017, Minutes of the Meeting of the Reserve Bank of Australia on Monetary Policy.
AUD/USD weekly forecast June 19 — 23, 2017 suggests a rebound from the upper limit of the pattern Triangle with a potential drop target of 0.73, the breakdown will be a breakdown at the level of 0.77, which will indicate the continued growth of the pair.
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