Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7680. The pair continued to rise, but the value of the relative strength indicator is still testing the resistance area, which indicates the likely rebound and began to fall.
Forecast AUD USD on February 6, 2017 — February 10, 2017
But do not rule out an attempt to test the upper boundary of the forex triangle patterns with the growth of the Australian dollar quotations to 0.7750, where an attempt is worth reviving the fall.
Among the important news from Australia which may have an impact on the currency pair exchange rate AUD USD on the next trading week is to provide, decision of the Reserve Bank of Australia’s main interest rate, it is expected that the rate will remain unchanged at 1.5%, as well as the accompanying statement, the Reserve Bank Australia, news will be presented to the market on February 7th 2017.
Forecast AUD USD on February 6, 2017 — February 10, 2017 suggests an attempt to fall within the framework of the completion of the formation of Forex Triangle patterns in favor of the act of the fall appears dense areas of resistance test on the indicator of relative strength.
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