Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, we should expect a test of the support level near 0.7790 and the continuation of the growth of quotations in the area above the level of 0.7900.
AUD/USD forecast & technical analysis January 3, 2018
In favor of the growth of the AUD/USD pair, a support line test will be performed on the relative strength index (RSI), as well as a test of the lower boundary of the channel. The cancellation of the variant of the Australian Dollar price growth will be the fall and breakdown at the level of 0.7750, which will indicate the fall of AUD/USD to FOREX with a target below 0.7690.
AUD/USD forecast & technical analysis January 3, 2018 involves an attempt to test the lower border of the channel near the level of 0.7790 and the continuation of the growth of quotations above the level of 0.7880, an additional signal in favor of growth will perform a trend line test on the relative strength index (RSI).