Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of growth. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7283. At the moment, we should expect an attempt to test the support area near the level of 0.7240 and the continued growth of quotations in the area above the level of 0.7400.
AUD/USD forecast Australian Dollar November 9, 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 growth of quotations of the Australian Dollar will be the fall and the breakdown level of 0.7190. This will indicate a breakdown of the lower boundary of the rising channel and the continuation of falling AUD/USD at Forex with a potential target below the level of 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 0.7315.
Among the important news from Australia that may affect the rate of the pair AUD/USD, it is worth highlighting: Announcement of the monetary policy of the Reserve Bank of Australia.
AUD/USD forecast Australian Dollar November 9, 2018 suggests an attempt to test the support level near the 0.7240 area. Then the growth of quotations of the pair above the level of 0.7400. 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 0.7190 area, which will indicate a continued decline.