Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, the pair is testing the area of 0.7862, we should expect an attempt to test the area of 0.7815 and continue the growth of AUD/USD above the level of 0.7950.
AUD/USD prediction & technical analysis on October 17, 2017
In favor of continuing the growth of the pair is the breakdown of the downward trend line on the indicator of relative strength index (RSI). The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7990, which will indicate the continued growth of AUD/USD at Forex above 0.7950 area.
Among the important news from Australia, which may affect the rate of the AUD/USD pair, it is worth highlighting: Protocol of the meeting of the Reserve Bank of Australia on monetary policy.
AUD/USD prediction & technical analysis on October 17, 2017 assumes an attempt of the test of the level of 0.7815 and the continuation of growth above the level of 0.7950, in favor of growth the test of the broken trend line on the indicator of relative strength index (RSI) will perform, the breakdown of the growth variant will be the breakdown of the area 0.7760.
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