Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the correction and the formation of a reversal pattern. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7233. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7300. Further, the continuation of the fall of quotations in the area below the level of 0.7095.
AUD/USD forecast Australian Dollar November 28, 2018
The test of the resistance line on the relative strength index (RSI) will be in favor of the fall of the AUD/USD pair. As well as the formation of the «Head and Shoulders» reversal pattern. Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown level of 0.7345. This will indicate the breakdown of the resistance area and the abolition of the formation of a reversal pattern. Then continued growth of AUD/USD on Forex with a potential target above the level of 0.7455. 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 0.7185.
AUD/USD forecast Australian Dollar November 28, 2018 suggests an attempt to test the resistance level near the 0.7300 area. Further, the continuation of the fall in quotations of the pair below the level of 0.7095. 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 0.7345 area. This will indicate a continuation of the climb.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
