Currency pair Australian dollar against the US dollar AUD USD continues to move in line with expectations, the moment is preserved for potential falling of pair of quotes within the beginning of the descending pattern head and shoulders with a view to fall below the level of 0.7450. Cancellation option will be a strong growth of quotations USD AUD and update the area of a local maximum.
AUD USD Forecast Australian Dollar on November 9, 2016
An additional signal in favor of the falling Australian dollar quotations stands the test downward trend line on the indicator of relative strength. We continue to keep selling the pair with the tight stop.
AUD USD Forecast Australian Dollar on November 9, 2016 suggests an attempt to fall within the beginning of working out a reversal forex head and shoulders pattern with a potential target of the fall below 0.7450, in the case of growth and renewal maximum transaction in the sale AUD USD is closing.