Currency pair Australian Dollar to US Dollar AUD/USD continues movement within the framework of flat correction. At the moment, we should wait for the test of the level of 0.8010 and continue the decline of the pair in the area below the level of 0.7860.
AUD/USD forecast Forex & analysis on September 19, 2017
In favor of the fall of the pair, a down trend line test will perform on the relative strength indicator (RSI). The cancellation of the drop in the Australian Dollar quotes will result in strong growth and a close above 0.8070, which will indicate that the AUD/USD will continue to grow at Forex above 0.8150 area. Expect the acceleration of the fall is with the breakdown of the level of 0.7950.
Among the important news from Australia, which may affect the rate of the AUD/USD pair, it is worth highlighting: Protocol of the meeting of the Reserve Bank of Australia on monetary policy.
AUD/USD forecast Forex & analysis on September 19, 2017 assumes an attempt to test the level of 0.7995 and continue the decline with a potential target near the level of 0.78, in favor of the decline is the breakdown of the support line on the indicator of relative strength index (RSI), the cancellation of the decline option will be strong growth and breakdown of the region 0.8060.
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