Currency pair Australian dollar against the US dollar AUD USD continues to move in line with expectations, and currently has the capacity to rebound from the resistance level with a potential target at levels below 0.73 area.
Technical analysis and forecast AUD USD on January 17, 2017
We continue to keep selling the pair with the tight stop and are ready to build short positions as quotations falling AUD/USD. In favor of a drop in prices of the Australian dollar will make a breakdown of the uptrend line on the indicator of relative strength, as well as quotations going beyond the limit of the ascending channel.
Cancellation option quotations falling AUD USD will be strong growth of quotations above the level of 0.7550. Important news from Australia is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
Technical analysis and forecast AUD USD on January 17, 2017 suggests an attempt to fall in the rebound from the resistance area with the potential to reduce the level below 0.73 area.
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