Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of strong growth. At the moment, we should expect an attempt to drop the quotations in the support area at the level of 0.77.
AUD/USD forecast & technical analysis on July 18, 2017
In favor of falling quotations AUD/USD is the test of the resistance area on the indicator of relative strength. Cancellation of the fall option will be a breakdown at the level of 0.7850, which will indicate continued growth.
Among the important news from Australia, which can have a strong impact on the Australian Dollar, is the following: The Protocol of the Reserve Bank of Australia’s Meeting on Monetary Policy.
AUD/USD forecast & technical analysis on July 18, 2017 suggests an attempt of correction in the support area near the level of 0.77, an additional signal is the resistance test on the relative strength indicator, the cancellation will be a breakdown at the level of 0.7850.
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