Currency pair Australian Dollar to US Dollar AUD/USD continues movement within the framework of flat correction. At the moment, we should wait for the test of 0.8075 level and continue the decline of the pair in the area below the level of 0.7875.
AUD/USD forecast Forex & analysis on September 20, 2017
In favor of the fall of the pair, a down trend line test will perform on the relative strength indicator. The cancellation of the variant of the Australian Dollar price fall will be strong growth and closing above the level of 0.8150, which will indicate the continued growth of AUD/USD at Forex above the area of 0.8250. Expect to accelerate the fall is with the breakdown of the level of 0.7940.
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 forecast Forex & analysis on September 20, 2017 assumes an attempt to test the level of 0.8075 and continue the decline with a potential target near the level of 0.7875, in favor of the decline is the breakdown of the support line on the indicator of relative strength index (RSI), the cancellation of the decline option will be strong growth and breakdown of the region 0.8150.