Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the downward channel. At this point, we should expect a rebound attempt and growth in the area above the level of 0.7995. Whence again it is necessary to expect attempt of falling in the area below 0.7800.
AUD/USD forecast & technical analysis on August 25, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the Australian Dollar will be a breakdown at the level of 0.7760, which will indicate continuation of the decline in AUD/USD 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 25, 2017 suggests an attempt to increase in the area of 0.7995, where we can expect the pair to start falling, an additional signal in favor of growth is the test of the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
