The currency pair Australian dollar to US dollar AUD/USD is trading at the level of 0.7540. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the pair Australian Dollar. At the moment, the pair’s quotes are traded between the lower and middle borders of the Bollinger Bands indicator bars. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 0.7560, where again we should expect an attempt to continue the decline with the first goal near the level of 0.7470.
Bollinger Bands AUD/USD Forecast on April 7, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 0.7590. The abolition of the continuation of the fall of the AUD/USD pair will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotations above the 0.7630 area, which will indicate a change in the trend in favor of the bullish in the pair Australian Dollar. In the event of a breakdown of the lower border of the indicator strip, it is expected to accelerate the fall of the pair into the area below the level of 0.7470.
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