Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the downward channel. At the moment, we should expect the pair to continue growing above the level of 0.7995, where again we should expect an attempt to fall into the area below the level of 0.7780.
AUD/USD forecast & technical analysis on August 23, 2017
The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.8020, which will indicate the continued growth of the pair on Forex.
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 23, 2017 involves trying to test the upper limit of the bearish channel and continue the decline with the target at 0.7780.
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