The currency pair Australian Dollar to US Dollar AUD/USD continues to move in line with expectations and our AUD/USD forecast for tomorrow. At the moment, the potential for continuing the fall in the area below the level of 0.74 remains. In favor of the fall is also a rebound from the downward trend line on the indicator of relative strength. Canceling the option of reducing the pair AUD/USD will break through the area of 0.7565, indicating that the pair continues to grow above 0.7650.
AUD/USD Forecast Australian Dollar on May 4, 2017
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, the balance of foreign trade balance, the speech of the head of the Reserve Bank of Australia with a speech.
AUD/USD Forecast Australian Dollar on May 4, 2017 involves an attempt to continue the decline in the area below the level of 0.74 as part of working off the downward Forex 1:1 model, the cancellation will be a breakdown of the upper boundary of the descending channel.
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