Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of strong growth. At the time of the publication of the forecast, the Australian Dollar to the US Dollar is 0.7169. At the moment, we should expect an attempt to test the support area near the level of 0.7135 and the continued growth of quotations to the area above the level of 0.7280.
AUD/USD forecast Australian Dollar November 2, 2018
A test of the support line on the relative strength index (RSI) will be in favor of the fall of the AUD/USD pair. Cancellation of the growth of quotations of the Australian Dollar will be the fall and the breakdown of the level of 0.7100, which will indicate the breakdown of the upper limit and the continuation of the fall of AUD/USD at Forex with a potential target below the level of 0.7025. Expect to accelerate the development of growth in the pair stands with the breakdown of the resistance area and closing quotes above the level of 0.7195.
AUD/USD forecast Australian Dollar November 2, 2018 suggests an attempt to test the support level near 0.7135 and continued growth of the pair’s quotes above 0.7280, an additional signal in favor of the pair’s growth will be a test of the trend line on the relative strength index (RSI) will fall and the breakdown of the 0.7100 area, which will indicate a continued decline.