Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward trend, but at the moment has the potential to begin falling within the beginning of working out a reversal forex head and shoulders pattern on the indicator of relative strength.
Forex forecast Australian Dollar (AUD/USD) on February 14, 2017
We continue to keep selling the pair with the tight stop. Cancellation option will attempt to break the resistance area that will point to a continuation of the growth of quotations. Expect accelerating drop in prices AUD/USD is 0.7570 from the breakdown area that will point to the continued decline in the area below the level of 0.7520.
Among the important news from Australia that can influence the course of AUD/USD is to provide, the business confidence index NAB.
Forex forecast Australian Dollar (AUD/USD) on February 14, 2017 assumes attempt fall within the beginning of the mining forex reversal patterns on the indicator of relative strength, the cancellation option will break through the resistance area.
