Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the fall. At the time of the publication of the forecast, the Australian Dollar to the US dollar is 0.7211. At the moment, we can expect an attempt to grow and test the resistance area near the level of 0.7255. Further, the continuation of the fall of quotations in the area below the level of 0.7025.
AUD/USD forecast Australian Dollar December 11, 2018
In favor of reducing the pair AUD/USD there will be a test of a broken trend line on the relative strength index (RSI). As well as a rebound from the upper limit of the bearish channel. Cancellation of the option of falling quotes of the Australian Dollar will be a strong growth and the breakdown level of 0.7345. This will indicate a breakdown of the resistance level and continued AUD/USD growth at Forex with a potential target above the level of 0.7555. The pair is expected to accelerate the fall with the breakdown of the support area and closing of quotes below the level of 0.7155.
AUD/USD forecast Australian Dollar December 11, 2018 suggests an attempt to test the resistance level near the 0.7255 area. Further, the continuation of the fall in quotations of the pair below the level of 0.7025. An additional signal in favor of reducing the pair will be the test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 0.7345 area. This will indicate a continued rise in quotations.
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