Currency pair Australian Dollar to US Dollar AUD/USD continues to move in decline. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7037. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7095. Further, the continuation of the fall of quotations to the area below the level of 0.6930.
AUD/USD forecast Australian Dollar January 2, 2019
A test of the trend line on the relative strength index (RSI) will be in favor of reducing the pair AUD/USD. And also test the upper limit of the downward channel. Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown level of 0.7135. 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 0.7255. The pair is expected to accelerate falling with the breakdown of the support area and closing of quotes below the level of 0.7005.
AUD/USD forecast Australian Dollar January 2, 2019 involves an attempt to test the resistance level near the 0.7095 area. Further, the continuation of the decline in quotations of the pair below the level of 0.6930. 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 the 0.7135 area. This will indicate continued growth in quotes.
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