Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 0.7620 and continue the fall of the pair with a target below the level of 0.7480.
AUD/USD prediction & technical analysis on November 28, 2017
In favor of the fall of the pair AUD/USD is the test of the bearish resistance line on the indicator of relative strength. The cancellation of the variant of falling of the Australian Dollar quotes will be a strong growth and breakdown at the level of 0.7665, which will indicate the continued growth of AUD/USD on Forex.
AUD/USD prediction & technical analysis on November 28, 2017 suggests an attempt to test the upper border of the channel near the area of 0.7620, from where it is expected to continue the fall of AUD/USD with a target below 0.7480, an additional signal in favor of the drop will be a resistance line test on the relative indicator index (RSI), the cancellation of the AUD/USD fall will be a breakdown at the level of 0.7665.
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