Forex forecast for 17 February

Forex forecast for 17 February

17 February 2017, 12:06
Real Trade


Pair didn't hold level 113.9 and moved down. Strong Yen raising will continue till  112.5, where buy orders will be actual, but better to wait for  reversal model or pattern which will give signal to buy. 


Australian dollar looks very strong, despite decline in chinese and New Zeland datas. Rising up more than 500 points  without any correction make future corrections more possible. Pair is traded near strong resistance 0.77, which have never broked within last year. We should expect strong correction and sell pair, but better to  do it after pair move under trandline.

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