Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7517. The pair continues to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 0.7550 and continue falling below the level of 0.7350.
AUD/USD weekly forecast on on December 11 — 15, 2017
In favor of the fall of the pair, a resistance line test will be performed on the indicator of relative strength index (RSI). The cancellation of the AUD/USD fall will result in a strong growth and breakdown at the level of 0.7660, which will indicate the continued growth of the Australian Dollar in FOREX.
AUD/USD weekly forecast on on December 11 — 15, 2017 implies an attempt to test the upper border of the channel and continue falling below the level of 0.7350, in favor of the pair’s decline, the trend line test will be performed on the indicator of relative strength index (RSI), the breakdown of the fall will be the breakdown of the area of 0.7660, indicating that breakdown of the upper boundary of the bearish channel and continuation of the growth of the pair.
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