AUD/USD Technical Analysis
AUD/USD currency pair continues to move within the limits of the decline. At the moment, one should expect a test of the level of 0.7730 and continue falling below 0.76.
In favor of AUD/USD pair fall of the is the formation of the reversal model "Head and shoulders" on the RSI indicator. The cancellation of the fall in quotes will result in a strong growth and breakdown at the level of 0.79, which will indicate the outflow of the quotes beyond the downward channel and the continuation of AUD/USD growth.
Among the important news from Australia, which can have an impact AUD/USD pair rate, it is worth highlighting:
AUD/USD currency pair continues to move within the limits of the decline. At the moment, one should expect a test of the level of 0.7730 and continue falling below 0.76.
In favor of AUD/USD pair fall of the is the formation of the reversal model "Head and shoulders" on the RSI indicator. The cancellation of the fall in quotes will result in a strong growth and breakdown at the level of 0.79, which will indicate the outflow of the quotes beyond the downward channel and the continuation of AUD/USD growth.
Among the important news from Australia, which can have an impact AUD/USD pair rate, it is worth highlighting:
- The Reserve Bank of Australia's decision on the basic interest rate.