Currency pair Australian dollar against the US dollar AUD USD is still trading within the descending pattern 5-0. A potential target of the fall is still the area of the local minimum.
AUD USD dollar exchange rate forecast — June 17, 2016
Cancellation option continuation of falling of quotations of the Australian dollar against the US currency will break through the level of the upper border of the channel; in this case it is necessary to expect continuation of growth of Australian quotations. We continue to keep selling the currency pair AUD USD with a tight stop, some ground was broken by the market, but in general, the current movement is entirely in line with expectations and our Forex Forecast AUD/USD. As the fall, we are ready to increase the volume of sales couples.
AUD USD dollar exchange rate forecast — June 17, 2016 suggests an attempt to continue falling in the framework of the descending pattern with 5-0 potential target falls below the level of 0.71.
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