Currency pair Australian Dollar AUD/USD is trading at 0.7690, the pair continues to develop its upward trend and is repelled by the moving average with period 55, which indicates a potential continuation of growth of pair. At the moment, we can expect another test of support in the form of moving average and test 0.7720 area.
Bollinger Bands forecast AUD USD on February 24, 2017
Conservative area to buy the currency pair AUD/USD is located near the area of the lower Bollinger Bands indicator strips border at 0.7640, where the pair is expected to rise. Cancellation option will be the development trend of bullish breakout 0.7620 area, that will indicate the likely change in favor of a bearish trend. Acceleration of growth of pair of quotes should be expected from the breakdown of 0.7715 area.
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