Currency pair Australian Dollar US Dollar AUD USD continues to move in the upward correction, but the potential for a fall persists. At the moment, the pair quotes left the rising channel limits and not expect the fall of the dense support region test at 0.76.
In favor of the drop in prices will make a pair of tight test of the descending trend line on the indicator of relative strength.
Forecast AUD/USD (Australian dollar) on February 22, 2017
Cancellation option will drop the pair quotes strong growth and the breakdown of the area of a local maximum with closing prices above the level of 0.7750. Is expected to accelerate the fall of the pair quotes hundred ton breakdown of the support and the closure of the pair below 0.7600 area.
Among the important news from Australia that can influence the course of the currency pair AUD/USD, is to provide, Speech Australia Bank head with speech, the cost of labor index, change in the volume of construction of objects handed over.
Forecast AUD/USD (Australian dollar) on February 22, 2017 suggests an attempt to fall short of support in the framework of the breakdown of the rising channel’s lower border.
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