Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7237. The pair continues to move within the upward correction. At the moment, we should expect an attempt to test the resistance area near the level of 0.7275. Then the continuation of the fall of AUD/USD with the goal below the level of 0.6980.
AUD/USD weekly forecast & analysis November 26 — 30, 2018
In favor of the fall of the pair on Forex will test the rising trend line on the indicator of relative strength index (RSI). Cancellation of the growth option AUD/USD in the current trading week November 26 — 30, 2018 will be a strong growth and the breakdown level of 0.7480. This will indicate a breakdown of the resistance area and continued growth of the Australian Dollar on Forex. Confirmation of the downward trend will be the breakdown of the support area and the closure below 0.7130.
Among the important news from Australia, which may have an impact on the Australian course, it is worth highlighting: Changes in the volume of capital spending in the private sector.
AUD/USD weekly forecast & analysis November 26 — 30, 2018 implies an attempt to test the level of 0.7275. Further, the continuation of the fall below the level 0.6980. A test of the trend line on the relative strength v will be in favor of reducing the pair. Cancellation of the fall option will be a strong growth and the breakdown of the 0.7480 area. This will indicate a breakdown of the resistance area and continued growth of the pair.
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