Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction. At this point, we should expect an attempt to test the upper limit of the downlink near the level of 0.7620 and the continuation of the fall of quotations in the area below the level of 0.7470.
AUD/USD forecast & technical analysis June 13, 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 drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7660, which will indicate the breakdown of the upper border of the channel and the continued growth of AUD/USD on Forex with a target above 0.7750. To expect confirmation of the development of the fall on the pair is with the breakdown of the support area and the closing of quotations below the level of 0.7580.
AUD/USD forecast & technical analysis June 13, 2018 involves an attempt to test the upper border of the channel near the 0.7620 area and the continuation of the drop in quotations below the level of 0.7470, an additional signal in favor of the fall of the pair will test the trend line on the indicator of relative strength index (RSI).
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