Currency pair Australian dollar against the US dollar AUD USD continues to decline, but at the moment there is a potential to test the upper boundary of the channel and continue falling in the framework of the descending forex 1: 1 model.
AUD USD Forecast Australian Dollar on November 22, 2016
Cancellation option will break-down area 0.7410, which indicates an Australian dollar continued growth of quotations in the area above the level of 0.7490 to test resistance area dense. We continue to keep selling the pair USD AUD and willing to try new with decreasing development.
AUD USD Forecast Australian Dollar on November 22, 2016 assumes continued falling after the test the upper boundary of the channel, the cancellation will quote leaves the descending channel.