Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7664. The pair continues to trade near the upper boundary of the triangle pattern and forex at the moment conserved potential for falling Australian dollar quotations in the area below the 0.74 level and the potential to reduce the lower limit on the level of forex model near the area of 0.71.
Forex Forecast AUD USD on February 20, 2017 — February 24, 2017
Cancellation option quotations falling AUD/USD will be strong growth of quotations and close above 0.7780, it will point to the breakdown of the upper limit of forex model and continued growth in the region above the level of 0.80.
Among the important news from Australia that can influence the course of the currency pair AUD USD on the next trading week is to provide, protocol coverage of the Reserve Bank of Australia on monetary policy 21 February 2017, Speech of the Governor of the Reserve Bank of Australia with a speech February 22, 2017 , change in the volume of capital expenditure in the private sector February 23, 2017, speech of the governor of the Reserve Bank of Australia with a speech February 24, 2017.
Forex Forecast AUD USD on February 20, 2017 — February 24, 2017 suggests an attempt to rebound from the upper boundary of the triangle forex pattern and started falling to the first support at 0.74 has been dropped, the breakdown of which points to the continued decline in the area below the level of 0.71.
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