Currency pair Australian dollar against the US dollar AUD USD continues to move through the formation of reversal pattern Forex Head and Shoulders. Also, the Australian dollar quotes are testing resistance area, and has the potential to rebound and start to fall below the level of 0.74.
Forecast Australian Dollar (AUD/USD) on January 30, 2017
In favor of the drop in prices pair performs the breakdown of the trend line on the indicator of relative strength, as well as the breakdown of support at forex model failure swing.
Cancellation option drop in prices AUD/USD will be strong growth and the breakdown of the area of a local maximum, it will point to continued growth of quotations pair to above the level of 0.7750. 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 January 30, 2017 suggests an attempt to fall within the beginning of mining forex reversal patterns with the potential target of the fall in the level below the 0.74 area, the cancellation will be the breakdown of a local maximum.
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