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 rate to the US Dollar is 0.6982. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7025. Further, the continuation of the fall of quotations to the area below the level of 0.6340.
AUD/USD forecast Australian Dollar January 4, 2019
In favor of reducing the pair AUD/USD, a test of the bearish trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling quotes of the Australian Dollar will be a strong growth and the breakdown of the level of 0.7105. 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. Expect to accelerate the fall of the pair stands with the breakdown of the support area and closing quotes below the level of 0.6925.
AUD/USD forecast Australian Dollar January 4, 2019 suggests an attempt to test the resistance level near the 0.7025 area. Further, the continuation of the decline in quotations of the pair below the level of 0.6340. 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 0.7105 area. This will indicate continued growth in quotes.