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 0.7670 and the continuation of falling quotations in the area below the level of 0.7440.
AUD/USD forecast & technical analysis June 5, 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 0.7740, 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 support area and the closing of quotations below the level of 0.7470.
AUD/USD forecast & technical analysis June 5, 2018 suggests an attempt top of the channel dough near the region of 0.7670 and continued drop in prices below 0.7440, an additional signal in favor of a pair of falling perform test trend line on the display relative strength index (RSI), cancellation option reduction pairs there will be strong growth and breakdown of the area of 0.7740.
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