Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of the formation of the bullish «5-0» model. At this point, we should expect an attempt to rebound and fall of quotations in the area below the level of 0.7560.
AUD/USD forecast & technical analysis on December 19, 2017
In favor of the fall of the pair AUD/USD is the formation of the reversal model «Failed Swing» on the indicator of relative strength. The cancellation of the variant of falling of the Australian Dollar quotations will be a strong growth and breakdown at the level of 0.7720, which will indicate the continued growth of AUD/USD on Forex. Expect the acceleration of falling quotations is with the breakdown of the level of 0.7620.
AUD/USD forecast & technical analysis on December 19, 2017 suggests an attempt to drop quotes to the lower border of the channel near the level of 0.7560, where we can expect the continuation of AUD/USD growth with the target above 0.7750, an additional signal in favor of the decline is the formation of a reversal pattern on the indicator of relative strength index (RSI), the cancellation of the AUD/USD fall will be a breakdown at the level of 0.7720.
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