Currency pair Australian dollar against the US dollar AUD USD continues to move in line with expectations and is currently retained potential for a fall to below the local minimum. Cancellation option will be a strong growth of quotations of the pair above the 0.7520 level, which indicates the continuation of an upward correction.
AUD USD Forecast Australian Dollar on December 16, 2016
With the breakdown of the area of support at 0.73, is expected to continue the development of a full downward trend for the pair. Important news from Australia is expected tomorrow, the pair will move in the framework of technical analysis AUD/USD.
AUD USD Forecast Australian Dollar on December 16, 2016 involves an attempt to continue mining Wedge reversal pattern with the immediate goal of reducing the level below 0.73 area.
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