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 0.7850, where again we should expect the continuation of the fall.
AUD/USD prediction & technical analysis on October 12, 2017
In favor of continuing the decline of the pair, a downtrend line test will perform on the relative strength indicator (RSI). The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and a breakdown at the level of 0.7910, which will indicate the continued growth of AUD/USD at Forex above 0.80.
AUD/USD prediction & technical analysis on October 12, 2017 assumes a rebound from the support level and the pair’s rise to the upper boundary of the bearish channel near the area of 0.7850, where 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), the cancellation of the fall option will be a breakdown of the area of 0.7910.
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