The currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7506. 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, the pair’s quotes are traded near the middle border of the Bollinger Bands indicator strip. It is worth expecting an insignificant test of the average border of the bands near the level of 0.7520, where again we should expect an attempt to continue the decline with the first target near the level of 0.7445.
Bollinger Bands forecast AUD/USD forecast April 12, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 0.7560. The abolition of the continuation of the fall of the AUD/USD pair will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotations above the area of 0.7590, 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 0.7445.
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