Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near area 0.7716. 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 0.7790 and continue falling below the level of 0.7390.
AUD/USD weekly forecast on December 25 — 29, 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 25 — 29, 2017 assumes an attempt to test the upper border of the channel near 0.7790 and continue falling below the level of 0.7390, in favor of reducing the pair will test the resistance area on the indicator of relative strength index (RSI), the abolition of the fall option will be the breakdown of the area of 0.7850, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the growth of the pair.
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