Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the fall. At this point, we should expect an attempt to test the upper border of the channel near the level of 0.7690 and continue falling below the level of 0.7560.
AUD/USD prediction & technical analysis on October 31, 2017
In favor of the fall of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of falling of the Australian Dollar quotes will be a strong growth and breakdown at the level of 0.7730, which will indicate the continued growth of AUD/USD on Forex.
Important news from Australia, which may have an impact on 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 31, 2017 suggests an attempt of correction to the area of 0.7690 and the continuation of the fall, an additional signal will be a test of the trend line on the indicator of relative strength index (RSI), the cancellation will become the upper boundary of the canal.