Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward correction, but currently on shorter periods of time reversal formed Double Top forex model and support the breakdown region is expected to continue falling quotations pair AUD/USD.
Forex AUD USD Forecast on February 7, 2017
Is expected to accelerate the fall of quotations of Australian dollar is a breakdown of the uptrend line on the indicator of relative strength that will point to the continued decline in the area below the level of 0.7540.
Cancellation option will be the fall of quotations breakdown area of a local maximum, it will point to a continuation of growth of pair. Among the important news from Australia that can influence the course of AUD/USD is to provide, Solution Australia Bank’s main interest rate, as well as the accompanying statement.
Forex AUD USD Forecast on February 7, 2017 suggests an attempt to fall within the beginning of working out a reversal pattern Forex double top with a potential target of the fall below 0.7540.
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