Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the bearish channel. At the time of publication of the forecast, the Australian Dollar to the US Dollar rate is 0.7115. At the moment, we should expect a test of the resistance area near the level of 0.7185 and the continuation of the fall of quotations in the area below the level of 0.6995.
AUD/USD forecast Australian Dollar September 13, 2018
In favor of the fall of the pair AUD/USD, a downtrend test on the relative strength index (RSI) will perform, as well as a test of the upper boundary of the bearish channel. The cancellation of the variant of the Australian Dollar price fall will be a strong growth and breakdown at the level of 0.7225, 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 support area and the closing of quotations below the level of 0.7060.
Among the important news from Australia, which may affect the rate of the AUD/USD pair, it is worth highlighting: Unemployment rate, Change in the number of employed.
AUD/USD forecast Australian Dollar September 13, 2018 suggests an attempt to test the resistance level near the area of 0.7185 and the continuation of the fall of quotes of the pair below the level of 0.6995, 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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