The currency pair Australian Dollar to US Dollar AUD/USD continues to decline to below 0.74. In favor of the fall is the breakdown of the lower boundary of the Forex Triangle model. An additional signal is the down resistance line test on the relative strength indicator.
Technical analysis & forecast AUD/USD on April 28, 2017
The cancellation of the variant of falling of quotations of the Australian Dollar becomes strong growth and breakdown of the area of 0.7520. Expect to accelerate the fall of the pair is with the breakdown of the lower region of the local minimum.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis of AUD/USD.
Technical analysis & forecast AUD/USD on April 28, 2017 suggests an attempt to continue falling as part of the Forex Triangle Triangle with a potential downside target near 0.74, the breakdown of the 0.7520 area will be a cancellation.
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