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 0.7650 and continue falling below the level of 0.7490. In favor of the fall of the pair AUD/USD is the formation of the reversal forex pattern «Head and Shoulders» on the indicator of relative strength index (RSI).
AUD/USD prediction & technical analysis on November 9, 2017
The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7750, which will indicate the outflow of the quotes out of the downward channel and the continued growth of AUD/USD on Forex.
AUD/USD prediction & technical analysis on November 9, 2017 assumes a test of the level of 0.7650, from where it is expected to continue the fall of AUD/USD, an additional signal in favor of the decline is the formation of the reversal forex pattern «Head and Shoulders», the cancellation of the fall variant of AUD/USD there will be a breakdown at the level of 0.7750.
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