Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction. At the moment, we should expect an attempt to test the resistance level near the area of 0.7965 and continue falling quotations in the area below the level of 0.7740.
AUD/USD forecast & technical analysis February 20, 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 0.7995, which will indicate the breakdown of the resistance level and the continued growth of AUD/USD on FOREX with a target above 0.8060.
AUD/USD forecast & technical analysis February 20, 2018 suggests a resistance test near the 0.7965 area and the continuation of the drop in quotations below 0.7740, an additional signal in favor of the pair’s decline will be a trend line test on the relative strength index (RSI).
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