Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, the potential for rebound and growth of the pair’s quotations to the area above the 0.8040 level remains.
AUD/USD forecast & technical analysis on August 4, 2017
In favor of the growth of the Australian Dollar pair comes the support line test on the indicator of relative strength index (RSI). The cancellation of the variant of growth will be the breakdown of the area of 0.7875, which will indicate the continuation of the pair’s decline.
Among the important news from Australia, which can have a strong impact on the Australian dollar, it is worth highlighting: The announcement of the policy of the monetary policy of the Reserve Bank of Australia.
AUD/USD forecast & technical analysis on August 4, 2017 suggests an attempt to increase the pair to an area above 0.8040, an additional signal is the trend line test on the relative strength indicator, the cancellation will fall below the level of 0.7875.
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