Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the correction. At the time of the publication of the forecast, the Australian Dollar to the US Dollar is 0.7206. At the moment, we should expect an attempt to test the resistance area near the level of 0.7265 and the continuation of growth of quotations to the area below the level of 0.7050.
AUD/USD forecast Australian Dollar November 13, 2018
The test of the resistance line on the relative strength index (RSI) will be in favor of the AUD/USD pair growth. As well as the formation of depraved model «Head and Shoulders» on the price chart. Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown of the level of 0.7305. This will indicate a breakdown of the resistance area and continued AUD/USD growth at Forex with a potential target above the level of 0.7475. Expect to accelerate the development of the fall in the pair stands with the breakdown of the support area and closing quotes below the level of 0.7145.
AUD/USD forecast Australian Dollar November 13, 2018 suggests an attempt to test the resistance level near the 0.7265 area. Then, the pair will continue to fall below the level of 0.7050. 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 of the pair will be a strong growth and the breakdown of the 0.7305 area, which will indicate continued growth.
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