Currency pair The Australian Dollar to US Dollar AUD/USD is trading at 0.7482. 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, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. It is expected to increase the pair’s quotes near the level of 0.7510, where again we should expect a fall attempt with the first target near the level of 0.7410.
Bollinger Bands AUD/USD Forecast on May 4, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 0.7560. The abolition of the continuation of the fall of the AUD/USD pair will be a breakdown of the moving average with a period of 55, as well as the upper border of the indicator bands and the closing of the pair’s quotes above the area of 0.7590, which indicates 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, we expect to accelerate the fall of the pair into the area below the level of 0.7410.
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