Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the fall. At the time of the publication of the forecast, the Australian Dollar to USD rate is 0.7140. At the moment, we should expect an attempt to fall and test the support area near the level of 0.7075. Further, the continuation of the growth of quotations in the area above the level of 0.7275.
AUD/USD Forecast Australian Dollar January 24, 2019
A test of the rising trend line on the relative strength index (RSI) will be in favor of raising the pair AUD/USD. Cancellation of growth of quotations of the Australian Dollar will fall and the breakdown level of 0.7005. This will indicate a breakdown of support and a continued decline in AUD/USD at FOREX with a potential target below the level of 0.6920. The pair is expected to accelerate growth with a breakdown of the resistance area and closing of quotes above the level of 0.7175.
Among the important news from Australia that may affect the rate of the pair AUD/USD, it is worth highlighting: The unemployment rate, the change in the number of employees.
AUD/USD Forecast Australian Dollar January 24, 2019 implies an attempt to test the support level near the 0.7075 area. Further, the continuation of the growth of quotations of the pair above the level of 0.7275. An additional signal in favor of raising the pair will be the 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 0.7005 area. This will indicate a continued decline in quotations with a potential target below the level of 0.6920.