Technical analysis of AUD/USD 09/19/2018
The AUD/USD currency pair continues to move within the descending channel. We should expect the continuation of quotes falling in the area below the 0.7100 level.
The resistance area test on the RSI indicator is approving the AUD/USD fall, as well as the upper-bound test of the downward channel that is the same level with the MA 200. The abolition of the drop variant:
a strong growth and breakdown at the level of 0.7300, which will indicate the breakdown of the resistance area and the continued growth of AUD / USD.
Created by Joshua Hayn