Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7750. The pair continues to move within the bullish channel. At this point, we should expect a test of the support level test near the area of 0.7680 and the continuation of growth with a target above 0.8050.
AUD/USD weekly forecast on March 5 — 9, 2018
In favor of the growth of the pair is the test of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the AUD/USD growth option will be a drop and a breakdown at the level of 0.7500, which will indicate the breakdown of the support level and the continuation of the fall of the Australian Dollar to FOREX.
AUD/USD weekly forecast on March 5 — 9, 2018 suggests a test of the level of 0.7680 and the continuation of growth above the level of 0.8050, in favor of the growth of the pair is the trend line test on the relative strength index (RSI), the elimination of the growth variant will be a breakdown of the area of 0.7500, which will indicate on the breakdown of the support level and the continuation of the fall of the pair.
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