Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate a short-term downward trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar is 0.6945. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6985. Further, a rebound from the resistance level and the continuation of the fall in quotations to the area below 0.6795.
AUD/USD Forecast Australian Dollar June 13, 2019
In favor of the fall of the pair AUD/USD will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown level of 0.7045. This will indicate a breakdown of resistance and continued growth of AUD/USD at FOREX with a potential target above the level of 0.7155. Waiting for confirmation of the pair falling is with the breakdown of the lower boundary of the rising channel and closing of quotations below the level of 0.6905.
Among the important news from Australia that may affect the rate of the pair AUD/USD, it is worth highlighting: Australia Employment Change.
AUD/USD Forecast Australian Dollar June 13, 2019 implies an attempt to test the resistance level near the 0.6985 area. Further, the continuation of the fall of the pair quotes below the level near the level of 0.6795. An additional signal in favor of reducing the pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 0.7045 area. This will indicate a continued rise in quotes with a potential target above the level of 0.7155.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
