Currency pair Australian dollar against the US dollar AUD USD continues upward correction development and at the moment there is a potential for falling of pair of quotes in the rebound from the resistance line on the indicator of relative strength. An additional signal in favor of the fall is the formation of the descending pattern Wolfe waves for the purpose of falling below the level of 0.7580, this scenario will be the abolition of the strong growth of the Australian dollar above the level of 0.77, which points to continued growth and a local maximum test area.
AUD USD Forecast Australian Dollar on October 19, 2016
Once again, we are trying to sell AUD USD with a close stop.
AUD USD Forecast Australian Dollar on October 19, 2016 suggests an attempt to fall in the rebound from the resistance area, and also due to test the upper limit of the bearish wave Wolfe.
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