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 the US Dollar is 0.7284. At the moment, we should expect an attempt to correct and test the support area near the level of 0.7255. Further, the continuation of the growth of quotations in the area above the level of 0.7445.
AUD/USD forecast Australian Dollar December 6, 2018
In favor of the growth of a pair of AUD/USD will test the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the bullish channel. Cancellation of the growth of quotations of the Australian Dollar will be the fall and the breakdown level of 0.7240. 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 0.7125. The pair is expected to accelerate growth with a breakdown of the resistance area and closing of quotes above the level of 0.7405.
AUD/USD forecast Australian Dollar December 6, 2018 suggests an attempt to test the support level near the 0.7255 area. Further, the continued growth of quotations of the pair above the level of 0.7445. 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 0.7240 area. This will indicate a continued decline.
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