Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, we should expect an attempt to continue growing above the level of 0.7910 as part of the formation of the bearish wave model of Wolfe. From the level of 0.7910 again it is necessary to expect the continuation of the fall as part of the model’s development.
AUD/USD prediction & technical analysis on October 23, 2017
In favor of reducing the pair AUD/USD, a resistance area test will be performed on the relative strength indicator (RSI). The cancellation of the variant of the Australian Dollar price fall will be a strong growth and breakdown at the level of 0.7990, which will indicate the continued growth of AUD/USD on the Forex market above the 0.8050 area.
AUD/USD prediction & technical analysis on October 23, 2017 presupposes an attempt to test the level of 0.7910 as part of the completion of the formation of the Wolfe wave model, which indicates the continuation of the fall with a target below 0.7780, in favor of the fall will test the resistance area on the indicator of relative strength (RSI), the abolition of the decline option will be the breakdown of the area of 0.7990.