AUD/USD forecast & technical analysis on December 8, 2017


Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the downward channel. At the moment, we should expect a test of the resistance level near 0.7560 and the continuation of the fall of the pair with a target below the level of 0.7410. In favor of the fall of the pair AUD/USD, a trend line test will be performed on the indicator of relative strength index (RSI).

AUD/USD forecast & technical analysis on December 8, 2017

The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7645, which will indicate the breakdown of the upper border of the channel and the continued growth of AUD/USD on Forex. Expect to accelerate the fall of quotations is with the breakdown of the level of 0.7500.

AUD/USD forecast & technical analysis on December 8, 2017

AUD/USD forecast & technical analysis on December 8, 2017 suggests a test of the resistance level near the area of ​​0.7560, from where it is expected to continue the fall of AUD/USD with a target below 0.7410, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI), the cancellation of the AUD/USD fall will be a breakdown at the level of 0.7645.


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