Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7715. The pair continues to move within the bullish channel. At this point, we should expect a test of resistance level near the area of 0.7850 and continuation of the fall with a target below 0.7530.
AUD/USD weekly forecast on March 26 — 30, 2018
In favor of the fall of the pair is the formation of the «Head and Shoulders» model on the indicator of relative strength index (RSI). The abolition of the AUD/USD decline option will be strong growth and breakdown at the level of 0.7980, which will indicate the breakdown of the resistance level and the continued growth of the Australian Dollar in Forex. Confirmation of the development of the downward trend will break through the lower boundary of the bullish channel and the closure below the level of 0.7450.
AUD/USD weekly forecast on March 26 — 30, 2018 suggests a test of the level of 0.7850 and continuation of the fall below the level of 0.7530, in favor of the fall of the pair is the formation of a reversal model on the indicator of relative strength index (RSI), the abolition of the decline option will be the breakdown of the area of 0.7980, which will indicate at the breakdown of the resistance level and the continued growth of the pair.
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