Currency pair Australian Dollar AUD/USD is trading at 0.7619. The pair demonstrates growth after the decision of the Reserve Bank of Australia. However, the pair is still trading within a downward trend. At the moment we should expect a tight test of the upper border of the indicator bars at the level of 0.7640, where the conservative area for sales of the pair AUD/USD with a close stop-loss is located.
Bollinger Bands AUD/USD forecast on March 8, 2017
The target of falling quotes is the area at the level of 0.7540. The reversal of the fall of the pair will be a strong growth and breakdown of the area of 0.7655, which will indicate a potential change in the trend in favor of growth. Expect to accelerate the fall in quotations of the Australian dollar is with the breakdown of the area 0.7520, which indicates the breakdown of the lower boundary of the bands of the indicator Bollinger Bands.
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