Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7540. The pair continues to move within the bearish channel. At the moment, we should expect a test of the level of 0.7650 and continue falling below the level of 0.7350.
AUD/USD weekly forecast on November 20 — 24, 2017
In favor of the fall of the pair, a resistance line test will be performed 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.
AUD/USD weekly forecast on November 20 — 24, 2017 involves an attempt to test the upper border of the channel and continue falling below the level of 0.7350, in favor of the pair’s decline, the trendline test will be performed on the relative strength index (RSI), the breakdown of the fall will be the breakdown of the area of 0.7820.
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