Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near area of 0.7423. The pair continues to move in a bearish trend. At the moment, we should expect an attempt to test the support level near the area of 0.7360 and continue the growth of AUD/USD with a target above 0.7650 as part of the start-up of the bullish model «Wolfe Wave»
AUD/USD weekly forecast June 25 — 29, 2018
In favor of growth, a test of the support area on the indicator of relative strength index (RSI) will perform. Cancellation of the AUD/USD growth scenario will be a drop and a breakdown at the level of 0.7250, which will indicate the breakdown of the lower limit of the model and the continuation of the fall of the Australian Dollar to Forex. A confirmation of the development of the bearish trend will be the breakdown of the support area and the closure below the level of 0.7370.
AUD/USD weekly forecast June 25 — 29, 2018 assumes a test of the level of 0.7360 and the continuation of growth above the level of 0.7650, in favor of the growth of the pair will perform a test of the support area on the indicator of relative strength index (RSI), the dropping of the growth variant will be the fall and breakdown of the area of 0.7250, which indicates the breakdown of the lower boundary of the «Wolfe Wave» model and the continuation of the fall of the pair.
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