Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, we should expect a test of the level of 0.7895 and the beginning of falling quotations in the area below the level of 0.7745.
AUD/USD forecast & technical analysis January 9, 2018
In favor of the correction of the AUD/USD pair is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price fall will be a strong growth and a breakdown at the level of 0.7940, which will indicate the continued growth of AUD/USD on FOREX with a target above 0.8050.
AUD/USD forecast & technical analysis January 9, 2018 involves an attempt to test the level of 0.7895 and the beginning of the fall of quotations below the level of 0.7745, an additional signal in favor of the pair’s decline is the formation of a reversal model on the indicator of relative strength index (RSI).