Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near area of 0.7937. At this point, you should expect a rebound in the quotes above the 0.8050 level. Whence again it is necessary to expect continuation of decrease in quotations AUD/USD in the support area near the level of 0.7750.
AUD USD weekly forecast on August 28 — September 1, 2017
In favor of the fall of the pair, a test of the broken trend line will appear on the indicator of relative strength. The cancellation of the fall of the AUD/USD pair will trigger a breakdown at the level of 0.8200, which indicates that the Australian Dollar will continue to grow in Forex. Expect to accelerate the decline is with the breakdown of the support level and the closing of quotes below the area of 0.7700, in this case, the target of the drop will be the area of 0.7350.
Among the important news from Australia, which may have an impact on the Australian Dollar, is: The change in the volume of capital expenditures in the private sector.
AUD USD weekly forecast on August 28 — September 1, 2017 involves an attempt to test the area of 0.8050, where we can expect a rebound and fall of the pair AUD/USD in the area below the level of 0.7750, an additional signal will test the resistance line on the indicator of relative strength index (RSI).
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