Currency pair Australian dollar against the US dollar AUD USD ends the week higher trading near the resistance area at 0.75. At this moment we should expect a rebound attempt quotes the Australian dollar to below 0.73 level within the framework of the formation of an inverted forex head and shoulders pattern.
Forex Forecast AUD USD on January 16, 2017 — January 20, 2017
Cancellation option can be a breakdown 0.7550 area, which points to the potential continuation of the growth of quotations USD AUD in the area above the level of 0.77. In favor of the Australian dollar drop in prices from the current levels of dense stands the test downward trend line on the indicator of relative strength.
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, unemployment rate, it is expected that the rate will remain at 5.7%, as well as the change in the number of employees is expected to decline to a level of 39.1K 10.2K level, the data will be published January 19, 2017.
Forex Forecast AUD USD on January 16, 2017 — January 20, 2017 an attempt to fall in the region at the level of 0.73 in the framework of the formation of an inverted forex model head and shoulders, the cancellation option will break-down area 0.7550.
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