Currency pair Australian Dollar to US Dollar AUD/USD continues to trade near the area of 0.7478. At the moment, the potential for continued falling of quotations in the area below the level of 0.74 remains. In favor of the fall is a tight test of the downward trend line on the indicator of relative strength.
FOREX NEWS and AUD/USD Forecast on May 1, 2017
The cancellation of the Australian Dollar decline to the US Dollar to Australian Dollar AUD/USD will result in a strong growth and breakdown of the 0.7540 area, which indicates that the pair will continue to rise above 0.7650.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis of AUD/USD.
FOREX NEWS and AUD/USD Forecast on May 1, 2017 suggests an attempt to continue falling into the area below the level of 0.74 within the rebound from the downward resistance line on the indicator of relative strength.
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