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 rate of the Australian Dollar against the US Dollar is 0.7292. At the moment, we should expect a test of the resistance area near the level of 0.7310 and the continuation of the fall of quotations in the area below the level of 0.7195.
AUD/USD forecast & technical analysis August 24, 2018
In favor of the fall of the pair AUD/USD will test the resistance line 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 0.7400, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the AUD/USD growth on Forex with a target above 0.7510. To expect confirmation of 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 0.7270.
AUD/USD forecast & technical analysis August 24, 2018 involves a test of the resistance level near the area of 0.7310 and the continuation of the fall of quotations of the pair below the level of 0.7195, an additional signal in favor of the fall of the pair will be a breakdown of the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
