A test of the resistance level near the area of 0.7620 and the continuation of the drop in quotations below the level of 0.7510, an additional signal in favor of the fall of the pair will be a trend line test on the relative strength index (RSI).
AUD/USD Daily Forecast - 25 April
According to Forex24.pro,the cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7670, which will indicate the breakdown of the upper border of the channel and the continued growth of AUD/USD on Forex with a target above 0.7750. To expect confirmation of the development of the fall on the pair is with the breakdown of the support level and the closing of quotations below the area of 0.7570.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419