Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the upward correction. At the time of publication of the forecast, the Australian Dollar to US Dollar rate is 0.7198. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7220. Further, the continuation of the fall of quotations to the area below the level of 0.7065.
AUD/USD forecast Australian Dollar December 20, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of reducing the pair AUD/USD. As well as a rebound from the upper limit of the descending channel. Cancellation of the option of falling quotes of the Australian Dollar will be a strong growth and the breakdown of the level of 0.7245. 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 0.7355. Waiting for confirmation of the pair’s fall is with the breakdown of the support area and closing of quotes below the level of 0.7145.
Important news from Australia that may affect the course of the pair AUD/USD is worth highlighting: The unemployment rate, the change in the number of employees.
AUD/USD forecast Australian Dollar December 20, 2018 suggests an attempt to test the resistance level near the 0.7220 area. Further, the continuation of the decline in quotations of the pair below the level of 0.7065. An additional signal in favor of the fall of the pair will be a test of the trend line on the relative strength index (RSI). Cancellation option reduction will be a strong growth and the breakdown of 0.7245. This will indicate continued growth in quotes.
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