Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction. At the time of publication of the forecast, the rate of the Australian Dollar to the US dollar is 0.7240. At the moment, we should expect an attempt to test the support area near the level of 0.7185 and continue the growth of quotations in the area above the level of 0.7345.
AUD/USD forecast Australian Dollar September 20, 2018
In favor of the growth of the AUD/USD pair, the support area test will be performed on the relative strength index (RSI), as well as the lower channel test. The cancellation of the variant of the Australian Dollar price growth will be the decrease and the breakdown at the level of 0.7135, which will indicate the breakdown of the support area and the continuation of the AUD/USD decline on Forex with the potential target below the level of 0.7095. Expect to accelerate the development of growth for a pair is with the breakdown of the upper boundary of the rising channel and the closing of quotations above the level of 0.7285.
Important news from Australia, which may have an impact on the rate of the AUD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
AUD/USD forecast Australian Dollar September 20, 2018 involves trying to test the support level near the area of 0.7185 and continuing the growth of the pair’s quotes above the level of 0.7345, an additional signal in favor of the pair’s growth will be a trend line test on the relative strength index (RSI).
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