Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the formation of the bearish wave model of Wolfe. At the moment, we should expect the pair to continue growing above the level of 0.7995, where again we should expect a fall attempt in the area below 0.7800.
AUD/USD forecast & technical analysis on August 24, 2017
The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.8070, which will indicate the continued growth of the pair on Forex. An additional signal in favor of growth is a rebound from the support line on the indicator of relative strength index (RSI).
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 24, 2017 suggests an attempt to grow into the area of 0.8020, where we can expect the pair to start falling within the framework of working off the bearish wave model of Wolfe.
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