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 0.7232. At the moment, we should expect an attempt to test the support area near the level of 0.7210 and the continued growth of quotations in the area above the level of 0.7375.
AUD/USD forecast Australian Dollar November 7, 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 0.7165, indicating that the breakdown of the lower boundary of the rising channel and the continuation of falling AUD/USD on Forex with a potential target below 0.7045. 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 0.7275.
AUD/USD forecast Australian Dollar November 7, 2018 implies an attempt to test the support level near the 0.7210 area and the continued growth of the pair’s quotes above the level of 0.7375. An additional signal in favor of the pair growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of the pair will be the fall and the breakdown of the 0.7165 area, which will indicate a continued decline.