The currency pair Australian Dollar to US Dollar AUD/USD continues to move in the fall, but at the moment quotes are testing the support area. It is worth waiting for an attempt to correct the pair in the area above the level of 0.7440. Near this level, we should expect a rebound and a continuation of the fall in the pair’s quotations in the area below the level of 0.7150. In favor of falling quotations AUD/USD will come a close test of the downward trend line on the indicator of relative strength. The reversal of the fall option will be a strong growth and breakdown of the area of 0.7520.
AUD/USD Forecast Australian Dollar on May 8, 2017
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting, the change in the volume of issued building permits, the Business Confidence Index NAB.
AUD/USD Forecast Australian Dollar on May 8, 2017 suggests an attempt to develop correction in the area of 0.7440, where it is expected to continue falling quotations in the area below the level of 0.7150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
