Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7624. The pair continues to move within the bearish channel. At the moment, you should expect a test of the level of 0.7670 and continue falling below the level of 0.7320.
AUD/USD forecast on November 27 — December 1, 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 be a strong growth and breakdown at the level of 0.7820, which will indicate the continued growth of the Australian Dollar in Forex.
AUD/USD forecast on November 27 — December 1, 2017 involves an attempt to test the upper border of the channel and continue falling below the level of 0.7320, in favor of the pair’s decline, the trendline test will be performed on the relative strength indicator (RSI), the breakdown of the fall will be the breakdown of the area of 0.7820.
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