Currency pair Australian Dollar to US Dollar AUD USD continued to rise, contrary to expectations, but it is already saved to start the potential fall within the forex reversal patterns of Head and Shoulders. An additional signal in favor of the fall will test resistance area on the indicator of relative strength.
Analysis and Forecast AUD USD on September 8, 2016
Cancellation option will be the fall of quotations AUD USD strong growth and the breakdown of local area high above the level 0.7740, which will point to the abolition of the forex model and the continued growth of quotations in AUD USD area above the level of 0.79. Once again, we are trying to aggressive selling the pair with the tight stop.
Analysis and Forecast AUD USD on September 8, 2016 assumes the completion of the right shoulder and began to model the fall of quotations within the mining reversal forex head and shoulders pattern with the immediate goal to below 0.7525 area.
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