Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the upward correction. At the time of the publication of the forecast, the Australian Dollar rate to the US Dollar is 0.7039. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7115. Further, the continuation of the fall of quotations to the area below the level of 0.6910.
AUD/USD forecast Australian Dollar December 25, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of reducing the pair AUD/USD. Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown of the level of 0.7170. This will indicate a breakdown of the resistance level and continued AUD/USD growth at Forex with a potential target above the level of 0.7250. The pair is expected to accelerate the fall with the breakdown of the support area and the close of quotes below the level of 0.7010.
AUD/USD forecast Australian Dollar December 25, 2018 suggests an attempt to test the resistance level near the 0.7115 area. Further, the continuation of the decline in quotations of the pair below the level of 0.6910. 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 of the reduction option will be a strong growth and the breakdown of 0.7170. This will indicate continued growth in quotes.
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