Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the moment, we should expect an attempt to test the level of 0.7760 and continue the growth above the level of 0.7910 as part of the formation of the bearish wave of Wolfe.
AUD/USD prediction & technical analysis on October 24, 2017
From the level of 0.7910 again it is necessary to expect the continuation of the fall as part of the model’s development, the purpose of falling below the area of 0.7720. In favor of the growth of the pair AUD/USD will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price growth will be the fall and breakdown at the level of 0.7720, which will indicate the continuation of the decline in AUD/USD on Forex.
AUD/USD prediction & technical analysis on October 24, 2017 suggests a test of the level of 0.7760 and the continuation of growth in the area above 0.7910 as part of the completion of the bearish Wolfe wave, which indicates the continuation of the fall with a target below 0.7720.