Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the moment, we should expect a test of the level of 0.7700 and continue falling below the level of 0.7520. In favor of the fall of the pair AUD/USD will form a reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
AUD/USD prediction & technical analysis on November 7, 2017
The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and a breakdown at the level of 0.7810, which will indicate the quotes coming out of the bearish channel and the continued growth of AUD/USD on Forex.
AUD/USD prediction & technical analysis on November 7, 2017 involves an attempt to test the upper limit of the downlink, from where it is expected to continue the fall of AUD/USD, an additional signal in favor of the decline will be the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI), the abolition of the fall option will be a breakdown at the level of 0.7810.
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