The currency pair Australian Dollar AUD/USD is trading at 0.7580. The pair continues to move within a downward trend and is currently testing the moving average region with a period of 55, as well as the upper boundary of the Bollinger Bands indicator bars. Such a test involves an attempt to rebound and fall of quotes of the Australian dollar pair in the region of the unfriendly border near the level of 0.7480.
Bollinger Bands AUD/USD forecast on March 14, 2017
By canceling the option of continuing the decline in the quotations of the AUD/USD pair, the breakout of the area was 0.7600, which would indicate the continuation of the upward correction of the pair and the potential change in the trend in favor of the ascending one. Expect to accelerate the fall of quotations is with the breakdown of the area of 0.7530.
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