Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7575. It is worth waiting for an attempt to complete the formation of the reversal pattern «Head and Shoulders» and the beginning of the fall of the pair’s quotations in the area below the level of 0.74.
AUD/USD weekly forecast on June 26 — 30, 2017
In favor of the fall will come the breakdown of the support line on the indicator of relative strength index (RSI), as well as the lower boundary of the bullish channel. The abolition of the fall variant will be the breakdown of the local maximum region, which indicates the continued growth. To expect the acceleration of the fall in the Australian Dollar quotations is worth a breakdown of the area of 0.7520.
Important news from Australia, which may have an impact on the Australian Dollar against the US Dollar, is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
AUD/USD weekly forecast on June 26 — 30, 2017 assumes an attempt to fall within the framework of the beginning of the development of the reversal model «Head and Shoulders», an additional signal will be a breakdown of the trend line on the indicator of relative strength, the breakdown will be the breakdown of the local maximum area.
