AUD/USD forecast & analysis December 31 — January 4, 2019


Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the 0.7041 area. The pair continues to move in decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7240. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6735.

AUD/USD forecast & analysis December 31 — January 4, 2019

A test of the trend line on the relative strength index (RSI) will be in favor of the fall of the pair on Forex. Cancellation of the option to reduce AUD/USD in the current trading week December 31 — January 4, 2019 will be a strong growth and the breakdown level of 0.7320. This will indicate a breakdown of the upper boundary of the downward channel and the continued growth of the Australian Dollar on FOREX. Confirmation of the downward trend will be the breakdown of the support area and the closure below 0.6965.

AUD/USD forecast & analysis December 31 — January 4, 2019

AUD/USD forecast & analysis December 31 — January 4, 2019 involves an attempt to test the level of 0.7240. Further, the continuation of the fall below the level of 0.6735. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the pair. Cancellation of the fall option will be a strong growth and the breakdown of the 0.7320 area. This will indicate a breakdown of the resistance area and continued growth of the pair.


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