Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of strong growth. At the moment, we should expect the test of the support area test near the level of 0.7755 and the continuation of the growth of quotations in the area above the level of 0.7960. In favor of the growth of the AUD/USD pair, a support line test will be performed on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model.
AUD/USD forecast & technical analysis March 7, 2018
The cancellation of the variant of the Australian Dollar price growth will be the fall and breakdown at the level of 0.7670, which will indicate the breakdown of the support area and the continuation of the AUD/USD fall on Forex with a target below 0.7560. To expect confirmation of growth on the pair is with a breakdown of the resistance level and the closing of quotations above 0.7840.
AUD/USD forecast & technical analysis March 7, 2018 suggests a test of the support level near the 0.7755 area and the continuation of the growth of quotations above the level of 0.7960, an additional signal in favor of the pair’s growth will be a trendline test on the relative strength index (RSI).
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