Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7544. A pair of tight treats as the downtrend line on the chart, and the Relative Strength indicator, which indicates a potential attempt to rebound and fall to below 0.73.
Forex Forecast AUD USD on January 30, 2017 — February 3, 2017
Cancellation option of falling Australian dollar quotations could be a strong growth above the level of 0.76, which points to continued growth in the region of a local maximum. An additional signal in favor of formation of topping forex head and shoulders pattern on the indicator of relative strength.
Among the important news from Australia that can influence the course of the currency pair AUDUSD on the next trading week stands out, business confidence index NAB January 31, 2017, change in the volume of building permits issued, expected strong decline, which could put pressure on the course Australian dollar, drove will be presented Feb. 2, 2017, as well as the index of activity in the service sector by AiG 3 February 2017.
Forex Forecast AUD USD on January 30, 2017 — February 3, 2017 suggests an attempt to drop a potential target at a level below 0.73 area, the cancellation option will sample area 0.76.
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