AUD/USD Technical Analysis 01/12/18

AUD/USD currency pair continues to move within the ascending channel. At the moment there is an attempt to test the lower boundary of the channel and the level of 38.2% on the Fibo grid in the 0.7750 area with an intermediate target in the 0.78 (23.6% Fibo).

Further, one should expect the continuation of the quotes growth in the area above the level of 0.80. In favor of growth will be a trend line test on the RSI indicator. Cancellation of the quotes growth will be a fall below the level of 0.77, which indicates the exit beyond the channel and the continuation of the fall of the pair below 0.7650.


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