Currency pair Australian dollar against the US dollar AUD USD continues upward correction development, currently retained potential for the formation of the descending pattern forex 5-0 for the purpose of working out at a level below the area of 0.7150. Cancellation option will be a strong growth of quotations and the breakdown of 0.7580 areas, which point to a continuation of upward correction.
AUD USD Forecast Australian Dollar Forex on November 29, 2016
An additional signal in favor of fall and the beginning of the descending pattern 5-0 in favor tight test of resistance on the downlink indicator of relative strength. We continue to hold the sale and couples and are ready to increase the volume of short positions on decreasing development. Quality area of resistance for the pair is situated at the level of 0.75.
AUD USD Forecast Australian Dollar Forex on November 29, 2016 suggests an attempt to fall within the framework of working out a bearish pattern 5-0 with the potential to reduce the level 0.7150, but do not rule out an attempt to test the upper boundary of the channel to complete the model. Important news from Australia tomorrow is not expected, so the pair will be traded only within the technical signals.