The currency pair Australian Dollar to US dollar AUD/USD completes the trading week at the level of 0.7517. 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 lower boundary of the bands of the Bollinger Bands indicator. It is worth waiting for an attempt to grow and test the moving average with a period of 55 near the level of 0.7590, where again we should expect an attempt to continue the decline with the first goal near the level of 0.7390.
Bollinger Bands AUD/USD prediction on April 10 — 14, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 0.7730. The abolition of the continuation of the fall of the AUD/USD pair will be the breakdown of the upper bound of the indicator area, as well as the moving average and the closing of the pair’s quotations above the 0.7790 area, indicating a change in the trend in favor of the bullish in the pair Australian Dollar. In the event of a breakdown of the lower boundary of the indicator bars, we expect to accelerate the fall of the pair into the area below the level of 0.7390.
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