Currency pair Australian Dollar US Dollar AUD USD shows minor correction before publication NON-FARM PAYROLLS. However, at the moment conserved potential for further drop in prices pair USD AUD within the framework of the descending wave Wolfe with a view on the level below 0.72 area.
AUD USD Forecast Australian Dollar exchange rate on September 5, 2016
An additional signal in favor of the continuation of falling of quotations of the Australian dollar will be the test of the descending trend line on the indicator of relative strength that will point to the 0.7570 level by the development of a downward movement. Cancellation option will be a strong growth of quotations AUD USD and a break area of a local maximum, it will point to the abolition of the Wolfe wave model and continued growth of quotations.
AUD USD Forecast Australian Dollar exchange rate on September 5, 2016 suggests an attempt to fall within the framework of the continuation of the descending pattern Wolfe waves for the purpose at a level below 0.72, but NON-FARM PAYROLLS publication can break all the chart patterns and expectations.
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