Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7208. At the moment, we can expect an attempt to grow and test the resistance area near the level of 0.7235. Further, the continuation of the fall of quotations to the area below the level of 0.7095.
AUD/USD forecast Australian Dollar December 13, 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 model «Triangle». Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown level of 0.7295. This will indicate a breakdown of the resistance level and continued growth of AUD/USD at Forex with a potential target above the level of 0.7455. Waiting for confirmation of the pair falling is with the breakdown of the lower boundary of the «Triangle» model and closing of quotes below the level of 0.7155.
AUD/USD forecast Australian Dollar December 13, 2018 suggests an attempt to test the resistance level near the 0.7235 area. Further, the continuation of the fall of the pair quotes below the level of 0.7095. 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 0.7295. This will indicate a continued rise in quotations.
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