Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the bearish channel. At the moment, we should expect an attempt to test the resistance area near the level of 0.7570 and the continuation of falling quotations in the area below the level of 0.7250.
AUD/USD forecast & technical analysis May 30, 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 stands with the breakdown of the lower support area and the closing of quotations below the level of 0.7480.
AUD/USD forecast & technical analysis May 30, 2018 suggests an attempt to test the upper boundary of the channel near the region of 0.7570 and continued quotations fall below 0.7250, the additional signal to drop pairs 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 0.7620.
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