Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7274. The pair continues to move in a bearish trend. At the moment, we should expect an attempt to test the upper border of the channel near the area of 0.7370 and continue the fall of AUD/USD with a target below 0.6965.
AUD/USD weekly forecast & analysis August 27 — 31, 2018
In favor of the fall of the pair on Forex will test the bearish trend line on the indicator of relative strength index (RSI). The abolition of the AUD/USD decline option on the current trading week on August 27 — 31, 2018 will be a strong growth and breakdown at the level of 0.7470, which will indicate the breakdown of the upper border of the channel and the continued growth of the Australian Dollar on Forex. A confirmation of the development of the bearish trend will be the breakdown of the support line on the relative strength indicator and the closing below the level of 0.7200.
AUD/USD weekly forecast & analysis August 27 — 31, 2018 assumes an attempt to test the level of 0.7370 and continue falling below the level of 0.6965, in favor of the fall of the pair will perform a resistance line test on the indicator of relative strength index (RSI), the abolition of the decline option will be a strong growth and breakdown of the area of 0.7470, which indicates the breakdown of the upper boundary of the channel and the continued growth of the pair.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
