AUD/USD technical analysis and forecast for 04/11/2016 – 04/14/2016 week

The pair AUD / USD on FOREX is trying to bounce from the upper boundary of the descending channel on the weekly chart AUD/USD. For better signal in favor of the sales it was needed to see the formation of the head and shoulders model, but so far, this model has not been formed, so there is still a possibility of testing at the level higher than 0.76, and only after that the quotations of the Australian dollar will keep falling.

We continue to keep selling AUD / USD, but in the case of growth above the local maximum level it is better to close transactions with loss. The line of the upward trend in the relative strength index suggests a drop even lower to test support area there is still a lot of room for fall.

aud_usd_7_april

 

 

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