Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the time of publication of the forecast, the Australian Dollar to the US Dollar rate is 0.7094. At the moment, we should expect an attempt to test the resistance area near the level of 0.7145 and continue falling quotations in the area below the level of 0.6990.
AUD/USD forecast Australian Dollar September 12, 2018
In favor of the fall of the pair AUD/USD will perform a bearish trend test on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price fall will be a strong growth and breakdown at the level of 0.7175, which will indicate the breakdown of the resistance area and the continued growth of AUD/USD on Forex with a target above 0.7270. Expect to accelerate the development of the bearish trend for the pair is with the breakdown of the lower boundary of the channel and the closing of quotations below the level of 0.7060.
AUD/USD forecast Australian Dollar September 12, 2018 suggests an attempt to test the resistance level near the area of 0.7145 and the continuation of the fall of quotes of the pair below the level of 0.6990, an additional signal in favor of the fall of the pair will test the trend line on the indicator of relative strength index (RSI).
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