Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the downward channel. At the moment, we should expect an attempt to increase in the area of the upper border of the channel near the level of 0.7605 and continue the fall of the pair with a target below the level of 0.7460.
AUD/USD forecast & technical analysis on December 5, 2017
In favor of continuing the fall of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7655, which will indicate the breakdown of the upper border of the channel and the continued growth of AUD/USD on FOREX.
AUD/USD forecast & technical analysis on December 5, 2017 suggests an attempt to test the upper border of the channel near the area of 0.7605, from where it is expected to continue the fall of AUD/USD with a target below 0.7460, an additional signal in favor of the drop will test the resistance line on the indicator of relative strength index (RSI), the cancellation of the AUD/USD fall will be a breakdown at the level of 0.7655.
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