Currency pair Australian dollar against the US dollar AUD USD continues to move through the completion of the formation of topping models forex head and shoulders, and at the moment there is a potential for further reducing the potential target of the fall to below 0.74 area.
Forecast Australian Dollar (AUD/USD) on January 27, 2017
In favor of a continued drop in prices pair performs the breakdown of the trend line an indicator of relative strength, as well as the breakdown of support forex reversal patterns failure swing on the indicator of relative strength. Cancellation option will be a strong growth above the local maximum level that points to a continuation of upward correction for the pair.
We are trying to sell AUD/USD and are ready to increase the volume of sales to the extent of the fall. Important news from Australia tomorrow is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
Forecast Australian Dollar (AUD/USD) on January 27, 2017 assumes fall in the framework of an attempt working out a reversal forex head and shoulders pattern with a potential to reduce the level below 0.74 areas.
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