Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the fall. At the moment, we should expect a test of the resistance area near the level of 0.7355 and the continuation of falling quotations in the area below the level of 0.7255.
AUD/USD forecast & technical analysis June 29, 2018
In favor of the fall of the pair AUD/USD, a breakdown of the trend line will appear 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 0.7400, which will indicate the breakdown of the resistance area and the continued growth of AUD/USD on Forex with a target above 0.7470. To expect confirmation of the development of the bearish trend for the pair is with the breakdown of the support area and the closing of quotations below the level of 0.7320.
AUD/USD forecast & technical analysis June 29, 2018 suggests an attempt to test the resistance level near the 0.7355 area and the continuation of the drop in quotations below the level of 0.7255, an additional signal in favor of the fall of the pair will be the trend line test on the relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
