Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the bearish channel, we should expect a rebound and growth in the area of the upper boundary and the continuation of the decline. In favor of falling quotations of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI).
AUD/USD forecast & technical analysis on August 16, 2017
The cancellation of the variant of the Australian Dollar price reduction will be the breakdown of the upper border of the channel and the closing above the level of 0.7950, which will indicate the continued growth of the pair.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast & technical analysis on August 16, 2017 involves an attempt to test the upper border of the channel and continue the decline to the area below the level of 0.7770, an additional signal in favor of the fall will be a test of the trend line on the indicator of relative strength index (RSI).
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