Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7549. The pair broke the lower border of the bullish channel, which indicates a probable continuation of the AUD/USD decline in the current trading week.
AUD/USD weekly forecast on November 13 — 17, 2017
At the moment, we should expect a test of the level of 0.77 and continue the decline below the level of 0.7375. In favor of the fall of the pair is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the AUD/USD fall will be triggered by a breakdown at the level of 0.7820, indicating that the Australian Dollar will continue to grow in Forex. Expect to accelerate the fall is with the breakdown of the level of 0.7600.
AUD/USD weekly forecast on November 13 — 17, 2017 suggests a rebound from the broken channel border and the continuation of the fall below the level of 0.7375, in favor of the pair’s decline, the trend line test will be performed on the relative strength indicator (RSI), the breakdown of the fall will be the breakdown of the area of 0.7820.