Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the correction. Moving averages indicate a bearish trend. At the time of the publication of the forecast, the Australian Dollar rate to the US Dollar is 0.7066. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7105. Further, the continuation of the fall of quotations to the area below the level of 0.6950.
AUD/USD Forecast Australian Dollar March 14, 2019
In favor of the fall of the pair AUD/USD, a test of the downward trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the resistance area. Cancellation of the option to reduce the quotations of the Australian Dollar will be a strong growth and the breakdown level of 0.7155. This will indicate a breakdown of resistance and continued growth of AUD/USD at FOREX with a potential target above the level of 0.7275. Expect to accelerate the fall of the pair is with the breakdown of the support area and closing quotes below the level of 0.6995.
AUD/USD Forecast Australian Dollar March 14, 2019 suggests an attempt to test the resistance level near the 0.7105 area. Further, the continuation of the fall in quotations of the pair below the level near the level of 0.6950. An additional signal in favor of reducing the pair will be the 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 0.7155 area. This will indicate a continued rise in quotes with a potential target above the level of 0.7275.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
