Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the rising channel. At the moment, we should expect an attempt to reduce the region to the region of the boundary near the 0.80 area. Where can we expect the rebound and the pair’s growth into the area above the 0.8050 level.
AUD/USD forecast Forex and analysis on September 12, 2017
In favor of the fall of the pair is the breakdown of the ascending trend line on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price growth will be the breakdown of the lower border of the channel and the closing of quotations below the level of 0.7965, which will indicate that the AUD/USD decline continues to fall below the 0.7880 area.
Important news from Australia, which may have an impact on the rate of the AUD/USD pair, is not expected therefore the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast Forex and analysis on September 12, 2017 suggests an attempt to fall to the lower border of the channel at the level of 0.8000, in favor of the fall is the breakdown of the support line on the indicator of relative strength index (RSI).
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