Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the rising channel. At the moment, we should expect an attempt to drop and test the lower border of the channel near the level of 0.7905.
AUD/USD forecast & technical analysis January 16, 2018
Further, the continuation of the growth of quotations in the area above the level of 0.8005. In favor of the growth of the pair AUD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). The cancellation of the variant of the Australian Dollar price growth will be the fall and breakdown at the level of 0.7840, which will indicate the quotes outflow from the channel and the continuation of the AUD/USD fall on FOREX with a target below 0.7650.
AUD/USD forecast & technical analysis January 16, 2018 suggests an attempt to test the lower border of the channel near the level of 0.7905 and the continuation of the growth of quotations above the level of 0.8005, an additional signal in favor of the pair growth will test the trend line on the indicator of relative strength index (RSI).
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