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 resistance area, you should expect an attempt to rebound and fall AUD/USD below the level of 0.7670. In favor of continuing the decline of the pair is the test of the bearish trendline on the indicator of relative strength index (RSI), as well as the test of the upper boundary of the bearish channel.
AUD/USD prediction & technical analysis on October 16, 2017
The cancellation of the variant of the Australian Dollar price fall will be a strong growth and a breakdown at the level of 0.7860, which will indicate the continued growth of AUD/USD at Forex above 0.7950 area. Expect to accelerate the fall of the pair is with the breakdown of the level of 0.7720.
AUD/USD prediction & technical analysis on October 16, 2017 involves a rebound attempt from the upper boundary of the bearish channel and a fall of the pair into the area below the level of 0.7670, in favor of the decline is the trend line test on the relative strength indicator (RSI), the dropping of the fall variant will be the breakdown of the area of 0.7860.
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