Currency pair Australian dollar against the US dollar AUD USD continues to decline in line with expectations. At the moment, there is potential for development of the descending pattern is 1:1 with a view to a potential fall in the level below 0.74 area.
AUD USD Forecast Australian Dollar on 07/22/2016
Cancellation quotations falling variant AUD USD pair will be strong growth and penetration level of the upper border of the channel, which will point to the abolition of the mining model. In case of breaking through the upper boundary of the channel is expected to develop a full-fledged upward correction for the pair in the area above the level of 0.76.
AUD USD Forecast Australian Dollar on 07/22/2016 assumes continuation of falling of pair as part of the descending pattern 1:1 with a view to a potential lower than 0.74, the cancellation will break through the channel.
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