Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7849. The pair continues to move within the bullish channel. At the moment, we should expect a test of the support level test near the area of 0.7750 and the continuation of growth with the goal above the level of 0.8120. In favor of the growth of the pair, an bullish line test will be performed on the indicator of relative strength index (RSI).
AUD/USD weekly forecast on March 12 — 16, 2018
Cancellation of the AUD/USD growth option will be a drop and breakdown at the level of 0.7640, which will indicate the breakdown of the support level and the continuation of the fall of the Australian Dollar to Forex.
AUD/USD weekly forecast on March 12 — 16, 2018 assumes a test of the 0.7750 level and the continuation of the growth above the level of 0.8120, in favor of the pair’s growth, the trend line test will be performed on the relative strength index (RSI), the breakdown of the growth variant will be the breakdown of the area of 0.7640, which will indicate on the breakdown of the support level and the continuation of the fall of the pair.
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