Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the rising channel. At this point, the pair is testing the upper boundary of the channel. It is worth waiting for a rebound attempt from the level of 0.8030 and falling into the area below the level of 0.7900.
AUD/USD forecast & technical analysis on September 8, 2017
In favor of the fall of the pair is the resistance area test on the relative strength indicator (RSI). The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.81, which will indicate the breakdown of the upper border of the channel and the continuation of AUD/USD growth in Forex above the area of 0.8150. Expect the acceleration of falling quotations is with the breakdown of the level of the lower border of the channel and the closing of quotations below 0.7880.
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 8, 2017 suggests an attempt to fall to the lower border of the channel at the level of 0.7880, in favor of the drop is the resistance area test on the relative strength indicator (RSI), the cancellation will be a strong growth and breakdown at the level of 0.81.
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