Currency pair Australian dollar against the US dollar USD AUD continues to trade within the forex bearish wave pattern Wolfe. The purpose of the fall and testing of such a model is the area on the level below 0.7570. Cancellation option will increase in quotes above the strong level of 0.77, which points to continued growth in the Australian dollar quotations in the area above the level of 0.78.
AUD USD Forecast Australian Dollar on October 20, 2016
An additional signal in favor of the fall is the formation of topping models forex head and shoulders, which also indicates a decrease in pair.
AUD USD Forecast Australian Dollar on October 20, 2016 suggests an attempt to drop within Wolf start working off the descending wave with the potential to reduce to below 0.7570 areas.
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