Currency pair Australian Dollar to US Dollar AUD/USD continues to move into a bearish channel. At this point, we should expect an attempt to test the upper border of the channel near 0.7580 and continue the fall of the pair with a target below the level of 0.7430. In favor of the fall of the pair AUD/USD, a trend line test will be performed on the indicator of relative strength index (RSI).
AUD/USD forecast & technical analysis on December 14, 2017
The cancellation of the variant of the Australian Dollar price fall will be a strong growth and breakdown at the level of 0.7625, which will indicate the breakdown of the upper border of the channel and the continued growth of AUD/USD on Forex. Expect to accelerate the fall of quotations is with the breakdown of the level of 0.7500.
AUD/USD forecast & technical analysis on December 14, 2017 suggests an attempt to test the upper boundary of the bearish channel near the level of 0.7580, where it is expected to continue the fall of AUD/USD with a target below 0.7430, an additional signal in favor of the drop will be a resistance line test on the indicator relative strength index (RSI), the cancellation of the AUD/USD fall will be a breakdown at the level of 0.7625.
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