Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the bearish channel. At this point, we should expect a rebound and a test of the upper boundary of the bearish channel near the area of 0.7920.
AUD/USD forecast & technical analysis on August 15, 2017
In favor of falling quotations of the pair AUD/USD is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.7960, which will indicate continuation of the pair’s growth to 0.8050 level.
Among the important news from Australia, which may affect the exchange rate of the AUD/USD currency pair, it is worth highlighting: Minutes of the meeting of the Reserve Bank of Australia on monetary policy.
AUD/USD forecast & technical analysis on August 15, 2017 suggests an attempt to increase to the area above the level of 0.7920, where it is expected to continue reducing the pair to below the level of 0.7790, an additional signal is the trend line test on the relative strength indicator (RSI).
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