Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the «5-0» pattern. At this point, we should expect a rebound from the top of the channel and a fall in the support area at 0.7800. In favor of the fall of the pair is the formation of a reversal model the failure swing on the indicator of relative strength index (RSI).
AUD/USD forecast & technical analysis on August 30, 2017
Cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.7990, which will indicate continuation of AUD/USD growth on Forex above 0.8070 area and cancellation of bearish model 5-0.
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 30, 2017 involves a rebound attempt from the upper boundary of the channel with a potential drop target near the level of 0.7800, an additional signal in favor of the fall is the formation of a reversal model on the indicator of relative strength index (RSI).
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