Technical analysis of AUD/USD 06/14/2018

AUD/USD currency pair continues to move within the descending channel. At this point one should expect the development of the graphic model “triangle” and the continuation of the quotes fall in the area below 0.7400.

In favor of AUD/USD pair fall will be a test resistance line on the RSI indicator. The cancellation of the fall will be a strong growth and a breakdown at the level of 0.7700, what indicates the breakdown of the upper border of the channel and the continuation of growth.

AUDUSD_STPH4

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