Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of a bullish correction. At the moment, we should expect an attempt to test the resistance area near the level of 0.7595 and continue falling quotations in the area below the level of 0.7490.
AUD/USD forecast & technical analysis June 1, 2018
In favor of the fall of the pair AUD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation option quotations Australian Dollar drop becomes strong rise, and the breakdown level 0.7620, which indicates the puncture resistance region and continued growth AUD/USD the target above the level of 0.7750. To expect confirmation of the development of the fall on the pair is with the breakdown of the lower border of the channel and the closing of quotations below the level of 0.7470.
AUD/USD forecast & technical analysis June 1, 2018 presupposes an attempt to test the upper border of the channel near the 0.7595 area and the continuation of falling quotes below the level of 0.7480, an additional signal in favor of the fall of the pair will be a test of the trend line on the indicator of relative strength index (RSI).
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