Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the formation of the bullish model of the Wolfe wave. At the moment, we should expect an attempt to fall into the area below the level of 0.7870, where again we should expect the pair to continue growing above 0.8050.
AUD/USD prediction & technical analysis on September 27, 2017
In favor of the rebound pair will perform a test of the support area 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 0.7830, which will indicate the continuation of the AUD/USD decline to Forex below 0.7750.
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 September 27, 2017 suggests an attempt to grow the pair within the beginning of the development of the bullish wave model of Wolfe with a target above 0.8050, the breakdown of the growth option will be the breakdown of the area of 0.7830.
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