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 area of 0.7821, we should expect a rebound attempt and growth above the level of 0.7910 as part of the formation of the bearish wave model of Wolfe.
AUD/USD prediction & technical analysis on October 19, 2017
Again, from the level of 0.7910, we should expect a further fall. In favor of reducing the pair, a resistance area test will be performed on the relative strength indicator (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.
AUD/USD prediction & technical analysis on October 19, 2017 assumes a test of the level of 0.7910 and the continuation of the pair’s decline, in favor of the drop will perform a test of the resistance area on the indicator of relative strength index (RSI), the abolition of the decline option will be the breakdown of the area of 0.7990.
