Currency pair Australian Dollar to US Dollar AUD/USD continues to move in a bearish trend. At the moment, we should expect the test of the resistance area test near the level of 0.7390 and the continuation of the fall of quotations in the area below the level of 0.7200.
AUD/USD forecast & technical analysis June 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 0.7450, which will indicate the breakdown of the resistance area and the continued growth of AUD/USD on Forex with a target above 0.7570. To expect confirmation of the development of the downward trend for the pair is with the breakdown of the lower border of the channel and the closing of quotations below the level of 0.7250.
AUD/USD forecast & technical analysis June 20, 2018 suggests a test of the resistance level near the area of 0.7390 and the continuation of the fall of quotations below the level of 0.7200, an additional signal in favor of the fall of the pair will be the trend line test on the indicator of relative strength index (RSI).
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