AUD/USD weekly forecast April 9 — 13, 2018


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Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of ​​0.7677. The pair continues to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the area of ​​0.7600 and continue the growth of AUD / USD with a target above 0.7950.

AUD/USD weekly forecast April 9 — 13, 2018

In favor of falling growth will test the upward trend line on the indicator of relative strength. Cancellation of the variant of AUD/USD growth will be the fall and breakdown at the level of 0.7500, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall of the Australian Dollar to Forex. A confirmation of the development of the upward trend will be the breakdown of the upper limit of the «Wedge» model and the closing above the level of 0.7750.

AUD/USD weekly forecast April 9 — 13, 2018

AUD/USD weekly forecast April 9 — 13, 2018 assumes a test of the level of 0.7600 and the continuation of growth above the level of 0.7950, in favor of the growth of the pair will perform a support line test and on the indicator of relative strength index (RSI), the cancellation of the growth variant will be a breakdown of the area of ​​0.7500, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall of the pair.


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