Currency pair Australian Dollar to US Dollar AUD/USD continues to move in line with the decline. At the time of the publication of the forecast, the Australian Dollar to the US dollar is 0.7171. At the moment, we should expect an attempt to test the resistance area near the level of 0.7195 and continue the fall of quotations to the area below the level of 0.7065.
AUD/USD forecast Australian Dollar October 3, 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. Cancellation of the fall in quotations of the Australian Dollar will be a strong growth and the breakdown of the level of 0.7230, which will indicate the breakdown of the resistance area and continued growth of AUD/USD on Forex with a potential target above the level of 0.7295. Expect confirmation of the development of the fall in the pair is with the breakdown of the lower boundary of the channel and closing quotes below the level of 0.7140.
AUD/USD forecast Australian Dollar October 3, 2018 suggests an attempt to test the resistance level near 0.7195 and continue falling of the pair’s quotes below 0.7065, an additional signal in favor of reducing the pair is a trend line test on the relative strength index (RSI), canceling the option of falling there will be a strong growth and a breakdown of the 0.7230 area, which will indicate continued growth.
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