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 US Dollar rate is 0.7231. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.7210. Further, the continuation of the growth of quotations in the area above the level of 0.7395.
AUD/USD forecast Australian Dollar November 22, 2018
A test of the support line on the relative strength index (RSI) will be in favor of the AUD/USD pair growth. Cancellation of the growth of quotations of the Australian Dollar will fall and the breakdown level of 0.7170. This will indicate a breakdown of the lower boundary of the bullish channel. Then, the continuation of the AUD/USD decline in Forex with a potential target below the level of 0.7085. 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 0.7345.
AUD/USD forecast Australian Dollar November 22, 2018 suggests an attempt to test the support level near the 0.7210 area. Further, the continuation of the growth of quotations of the pair above the level of 0.7395. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation option lift will decrease and the breakdown of 0.7170. This will indicate a continued decline.
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