The currency pair Australian Dollar to US Dollar AUD/USD completes the trading week at the level of 0.7487. The pair continues to trade below the moving average with a period of 55, indicating a bearish trend for the pair Australian Dollar. At the moment, quotes of the pair test the lower boundary of the bands of the Bollinger Bands indicator. It is worth to expect an attempt to grow near the level of 0.7560, where again we should expect an attempt to continue the decline with the first goal near the level of 0.7380.
Bollinger Bands forecast AUD/USD for May 1 — 5, 2017
The conservative sales area is near the upper boundary of the Bollinger Bands indicator strip at 0.7610. The abolition of the continuation of the fall of the AUD/USD pair will be a breakdown of the moving average with a period of 55, as well as the upper range of the indicator bands and the closing of the pair’s quotes above the area of 0.7680, indicating a change in the trend in favor of the bullish in the pair Australian Dollar. In the event of a breakdown of the lower boundary of the indicator strip, it is expected to accelerate the fall of the pair into the area below the level of 0.7380.
