Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7658. The pair continues to move within the bullish channel. At this point, we should expect an attempt to rebound from the lower border of the channel and increase the pair in the area above the level of 0.7940 within the bull model of the Wolfe wave.
AUD/USD forecast on October 30 — November 3, 2017
In favor of the growth of the pair is the test of the support area on the indicator of relative strength index (RSI). Cancellation of the AUD/USD growth option will trigger a breakdown at the level of 0.7520, which will indicate continuation of the Australian Dollar’s fall on Forex with a target below 0.7250. To expect the acceleration of growth is with the breakdown of the level of 0.7740.
AUD/USD forecast on October 30 — November 3, 2017 suggests a rebound from the lower border of the channel and the continuation of growth above the level of 0.7940, in favor of growth is the test of the support area on the indicator of relative strength index (RSI), the elimination of the growth variant will be the breakdown of the area 0.7520.
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