Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of growth. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7380. At the moment, we should expect an attempt to correct and test the support area near the level of 0.7320. Further, the continuation of the growth of quotations in the area above the level of 0.7435.
AUD/USD forecast Australian Dollar December 4, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the AUD/USD pair growth. Cancellation of growth of quotations of the Australian Dollar will be the fall and the breakdown level of 0.7275. This will indicate a breakdown of the lower boundary of the channel. Then, the continuation of falling AUD/USD at Forex with a potential target below the level of 0.7115. Expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closure of quotations above the level of 0.7405.
Among the important news from Australia that may affect the rate of the pair AUD/USD, it is worth highlighting: The decision of the Reserve Bank of Australia at the basic interest rate, the accompanying statement of the Reserve Bank of Australia.
AUD/USD forecast Australian Dollar December 4, 2018 suggests an attempt to test the support level near the 0.7320 area. Further, the continuation of the growth of quotations of the pair above the level of 0.7435. 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 0.7275 area. This will indicate a continued decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
