Technical analysis and forex forecast AUD USD on January 26, 2017


Currency pair Australian dollar against the US dollar AUD USD continues to move in the upward correction and is currently retained potential for falling Australian dollar prices. In favor of the fall is the breakdown of the support line on the indicator of relative strength, which indicates an area of the sample 0.75 closing price.

Technical analysis and forex forecast AUD USD on January 26, 2017

But do not rule out another attempt to test resistance area at 0.7570 and continued falling. Cancellation option of reduction of quotations AUD/USD will be strong growth set out above 0.76 level quotes that point to continued growth in the region above the level of 0.77.

Technical analysis and forex forecast AUD USD on January 26, 2017

Important news from Australia tomorrow is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.

Technical analysis and forex forecast AUD USD on January 26, 2017 suggests an attempt to drop a breakdown field of 0.75, cancellation scenario will be a strong growth area and the breakdown of 0.76.


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