Currency pair Australian Dollar to US Dollar AUD/USD continues to move near the area of 0.7930. At the moment, we should expect a test of 0.80 level and continue the decline of the pair in the area below the level of 0.7720.
AUD/USD forecast & technical analysis on August 8, 2017
In favor of falling quotations of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of falling quotations will be a breakdown at 0.8090, indicating that the pair will continue to grow.
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 8, 2017 suggests an attempt to fall into the support area at the level of 0.7720, in favor of the decline, the trendline test will be performed on the indicator of relative strength index (RSI), the breakdown of the area will be 0.8090.
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