Currency pair Australian Dollar to US Dollar AUD/USD is closing the trading week near the area of 0.7813. At the moment, the pair pushed off the support area, we should expect the pair to continue growing above 0.7940. Where again we should expect the continuation of the fall in quotations AUD/USD in the area below the level of 0.7630.
AUD/USD weekly forecast on October 23 — 27, 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 0.8070, indicating that the Australian Dollar will continue to grow on Forex. To expect the acceleration of the fall is with the breakdown of the level of 0.7550.
Among the important news from Australia, which may have an impact on the Australian Dollar, is the following: Consumer Price Index.
AUD/USD weekly forecast on October 23 — 27, 2017 suggests a test of the level of 0.7940, from where it is expected to fall the pair AUD/USD in the area below the level of 0.7630, in favor of the decline will test the bearish trendline on the indicator of relative strength index (RSI), there will be a breakdown of the area of 0.8070.
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