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 support area, we should expect a rebound attempt and growth above the level of 0.7950.
AUD/USD prediction & technical analysis on October 3, 2017
In favor of the rebound and growth of the pair is the formation of a reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the variant of growth of quotations of the Australian Dollar will be the fall and breakdown at the level of 0.7765, which will indicate the continuation of the AUD/USD decline to Forex below 0.7650.
Among the important news from Australia, which may affect the rate of the AUD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
AUD/USD prediction & technical analysis on October 3, 2017 suggests a rebound from the support area with a view to growth near the level of 0.7950, an additional signal is the formation of a reversal model on the indicator of relative strength index (RSI), the elimination of the growth variant will be a breakdown at the level of 0.7765.