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 0.7385. At the moment, we should expect an attempt to correct and test the support area near the level of 0.7300. Further, the continuation of the growth of quotations in the area above the level of 0.7465.
AUD/USD forecast Australian Dollar December 5, 2018
In favor of the growth of a pair of AUD/USD will test the bullish trend line on the indicator of relative strength index (RSI). Cancellation of the growth of quotations of the Australian Dollar will be the fall and the breakdown of the level of 0.7260. 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. The pair is expected to accelerate growth with a breakdown of the resistance area and closing of quotes above the level of 0.7415.
Among the important news from Australia that may affect the rate of the pair AUD/USD, it is worth highlighting: The change in GDP.
AUD/USD forecast Australian Dollar December 5, 2018 suggests an attempt to test the support level near the 0.7300 area. Further, the continuation of the growth of quotations of the pair above the level of 0.7465. 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 0.7260 area. This will indicate a continued decline.
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