Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward correction, there are risks to see the breakdown of the resistance area and continued growth to the level of 0.7680, where once again we can expect an attempt to fall. In favor of the rebound appears breakdown of the trend line on the indicator of relative strength.
Forecast Australian Dollar (AUD/USD) on February 2, 2017
Overall, however, the potential for a reversal of the current correction is saved and the breakdown of the area of support at 0.7520 is expected to accelerate the drop in prices to below the level of 0.72.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
Forecast Australian Dollar (AUD/USD) on February 2, 2017 suggests the test resistance area and attempt to continue with the fall of the potential target at levels below 0.73 areas.
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