Currency pair Australian Dollar to US Dollar AUD/USD continues to move in decline. At the time of the publication of the forecast, the Australian Dollar to the US Dollar is 0.7173. At the moment, we should expect an attempt to drop and test the support area near the level of 0.7150. Further, the continuation of the growth of quotations in the area above the level of 0.7255.
AUD/USD forecast Australian Dollar December 18, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the AUD/USD pair growth. As well as the formation of the ascendant «Wolfe Wave». Cancellation of the fall in quotations of the Australian Dollar will be the fall and the breakdown of the level of 0.7125. This will indicate a breakdown of the support level and a continued decline in AUD/USD at Forex with a potential target below the level of 0.7010. Expect confirmation of the growth of the pair is with the breakdown of the resistance area and closing quotes above the level of 0.7205.
Among the important news from Australia that may affect the course of the pair AUD/USD, it is worth highlighting: Minutes of the meeting of the Reserve Bank of Australia on monetary policy issues.
AUD/USD forecast Australian Dollar December 18, 2018 implies an attempt to test the support level near the 0.7150 area. Further, the continuation of the growth of quotations of the pair above the level of 0.7255. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the 0.7125 area. This will indicate a continued decline in quotes.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
