Currency pair Australian dollar against the US dollar AUD USD ends trading week on a rebound near the level of the area 0.73. At the moment, there is the potential for the continuation of falling Australian dollar quotations at the beginning of the next trading week as part of the beginning of the descending forex 1:1 model with the potential to reduce the level below 0.70 area with a likely test the area of a local minimum.
Forex Forecast AUD USD on January 9, 2017 — January 13, 2017
In favor of a continuation of falling of quotations USD AUD deliver a tight test of the descending trend line on the indicator of relative strength. Cancellation option of falling Australian dollar against the US dollar quotations will be strong growth and the breakdown of the area 0.74 closing prices that will point to a continuation of the rising correction to above 0.7650 level.
Is expected to accelerate the fall of quotations is a breakdown of the area of a local minimum. 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, change in the volume of building permits issued January 9, 2017, as well as Retail Sales January 10, 2017.
Forex Forecast AUD USD on January 9, 2017 — January 13, 2017 suggests an attempt to continue the reduction in the framework of the descending forex 1:1 model with a potential target area fall below 0.70, the cancellation option will break-down area of the upper boundary of the descending channel.
