Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the moment the pair is testing the support area, we should expect a rebound attempt and growth above the level of 0.7880, where again we should expect the continuation of the fall.
AUD/USD prediction & technical analysis on October 10, 2017
In favor of the growth of the pair is the formation of a reversal model the «Failure Swing» on the indicator of relative strength index (RSI). 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 continuation of the AUD/USD decline in the Forex market below the 0.7580 area.
Important news from Australia, which may have an impact on the rate of the AUD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
AUD/USD prediction & technical analysis on October 10, 2017 suggests a rebound from the support level and the pair’s rise to the upper channel boundary near the area of 0.7880, from which it is expected to continue the fall of the pair, in favor of the decline will test the trend line on the indicator of relative strength index (RSI).
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