Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7676. 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 0.7760 and continue falling below the level of 0.7370.
AUD/USD weekly forecast on December 18 — 22, 2017
In favor of the fall of the pair, a resistance area test will be performed on the relative strength index (RSI). The cancellation of the AUD/USD fall will be a strong growth and a breakdown at the level of 0.7850, which will indicate the continued growth of the Australian Dollar in Forex.
AUD/USD weekly forecast on December 18 — 22, 2017 suggests an attempt to test the upper border of the channel and continue falling below the level of 0.7370, in favor of the pair’s decline, a resistance test will be performed on the relative strength index (RSI), the breakdown of the fall will be a breakdown of the area of 0.7850, which will indicate a breakdown the upper limit of the bearish channel and the continued growth of the pair.
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