The currency pair AUD/USD Australian Dollar to US Dollar is trading at 0.7470. The pair repels from the local minimum area, as well as from the lower boundary of the descending channel. It is necessary to expect the continued growth of quotations in the area above the level of 0.7520. In favor of the development of an upward correction for the pair AUD/USD Australian Dollar to US dollar is advocating the formation of the reversal forex models of the Head and shoulders on the MACD indicator.
Technical analysis & forecast AUD/USD on April 28, 2017
The signal line has already left the histogram limits on the MACD indicator, we should expect the pair to start growing. The cancellation of the pair’s growth option will result in a fall and breakdown of the area of 0.7440, which will indicate the continuation of the lower breakdown within the breakdown of the channel’s lower boundary. Expect to accelerate the growth of quotations AUD/USD is with the breakdown of the level of the slow moving average and the closing of quotes above the area of 0.7490.
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