Currency pair Australian Dollar to US Dollar AUD/USD continues to move in line with expectations. At this point, we should expect a rebound attempt and growth in the area above the level of 0.7965. In favor of the growth of the pair is the test of the bullish trend line on the indicator of relative strength index (RSI).
AUD/USD forecast & technical analysis on September 1, 2017
Near the level of 0.7695, we again expect a rebound and a fall in the pair’s quotes with a potential target near the 0.7705 area. The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.8010, which will indicate continuation of AUD/USD growth on Forex above 0.8070 area and cancellation of the «Head and Shoulders» reversal pattern.
Important news from Australia, which may have an impact on the rate of the AUD/USD pair, is not expected therefore the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast & technical analysis on September 1, 2017 involves a rebound attempt from current levels and the pair’s growth in the area of 0.7695, where again we should expect the pair to fall, the drop will be level 0.8005.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
