Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7804. The pair continues to move within the framework of a bearish correction. At the moment, we should expect a test of the support level near the 0.7725 area and the start of growth with a target above 0.7960.
AUD/USD weekly forecast on February 12 — 16, 2018
In favor of the growth of the pair will perform a test of the support area on the indicator of relative strength index (RSI). Cancellation of the AUD/USD growth scenario will result in a drop and breakdown at the level of 0.7650, which will indicate the breakdown of the support level and the continuation of the Australian Dollar’s fall on Forex.
AUD/USD weekly forecast on February 12 — 16, 2018 suggests a test of the level of 0.7725 and the beginning of growth above the level of 0.7960, in favor of the growth of the pair, a test of the support area will be made on the indicator of relative strength index (RSI), the breakdown of the growth variant will be a breakdown at the level of 0.7650, which will indicate a breakdown the level of support and the continued fall of the pair.
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