Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near area 0.8020. At this point, you should expect a level test above the area of 0.79. Where again we should expect the continuation of the growth of quotations AUD/USD in the area above the level of 0.8150.
AUD/USD weekly forecast on September 18 — 22, 2017
In favor of the growth of the pair, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the variant of AUD/USD growth will be a breakdown at the level of 0.78, which will indicate continuation of the fall of the Australian Dollar to Forex. Expect the acceleration of growth is with the breakdown of the upper border of the channel and the closing of quotations above the area of 0.82.
Among the important news from Australia, which may have an impact on the Australian Dollar, is the following: The Protocol of the Reserve Bank of Australia’s Meeting on Monetary Policy.
AUD/USD weekly forecast on September 18 — 22, 2017 suggests an attempt to test the lower border of the channel near the level of 0.79, from where it is expected to grow the pair AUD/USD to the area above the level of 0.8150, an additional signal will test the support line on the indicator of relative strength index (RSI).