The currency pair AUD/USD has managed to rebound from the resistance area. Currently there is a high possibility for the reversal forex model “Head&Shoulders” formation on the daily chart AUD/USD, because of that model AUD might probably come back to the down trend. The additional signal of the AUD quotations falling for the next week March, 28 – April, 1 is the breaking of the forex ascending trend line on the RSI, which indicates the potential falling of the AUD/USD quotations to the area lower than 0.7340.
AUD/USD technical analysis and forecast for 03/28/2016 – 04/01/2016 week
Thus, the AUD/USD forecast for the week 03/28/2016 – 04/01/2016 considers the rising attempt in the framework of the reversal model termination and AUD/USD quotations falling continuation with the closest goal at the level lower the area of 0.7360.
