Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7855. At this point, you should expect a pair of quotes rebound into the area above the level of 0.7995. Where again we should expect the continuation of the decline in quotations AUD/USD in the area below the level of 0.7740.
AUD/USD weekly forecast on August 14 — 18, 2017
In favor of the fall of the pair, a test of the broken trend line will appear on the indicator of relative strength. The cancellation of the fall of the AUD/USD pair will trigger a break of 0.81, indicating that the Australian Dollar will continue to grow.
Among the important news from Australia in the next trading week, which may have an impact on the AUD/USD rate is the following: The Protocol of the Meeting of the Reserve Bank of Australia on Monetary Policy, Unemployment Rate, Change in the Number of Employees.
AUD/USD weekly forecast on August 14 — 18, 2017 suggests an attempt to increase the quotations to the area above the level of 0.7995, from which one should expect the pair to rebound and fall into the area below the level of 0.7740.
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