Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the bearish channel. At the moment, we should expect the pair to grow in the area of 0.79, and the continuation of the fall. In favor of falling quotations of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI). The target of the decline is the area at the level of 0.7760.
AUD/USD forecast & technical analysis on August 17, 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.
Among the important news from Australia, which can affect the rate of the Australian Dollar, there are: Unemployment rate, Change in the number of employed.
AUD/USD forecast & technical analysis on August 17, 2017 assumes a test of the level of 0.79 and continuation of the decline in the area below the level of 0.7760, 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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