Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7765. At the moment, the pair is testing the support area, we should expect a rebound and pair growth in the area above the level of 0.7950. Where again we should expect the continuation of the fall in quotations AUD/USD in the area below the level of 0.7520.
AUD/USD weekly forecast on October 9 — 13, 2017
In favor of the growth of the pair is the test of the support line 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 0.8150, indicating that the Australian Dollar will continue to grow on Forex. Expect to accelerate the fall is with the breakdown of the level of 0.77.
Important news from Australia, which may have an impact on the Australian Dollar, is not expected, so the pair will continue to move in the technical analysis.
AUD/USD weekly forecast on October 9 — 13, 2017 suggests a test of 0.8050 level, from where it is expected to fall the pair AUD/USD in the area below the level of 0.7520, in favor of the decline will come the test of the downward trend line on the indicator of relative strength index (RSI), there will be a breakdown of the area of 0.8150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
