Currency pair Australian dollar against the US dollar AUD USD showed an increase and is currently trading at the resistance in the form of a downward trend line on the indicator of relative strength. We should expect a new attempt to fall in the rebound from the line for the purpose of falling below the level of 0.7590.
AUD USD Forecast Australian Dollar on October 27, 2016
Cancellation option will be a strong increase in the Australian dollar quotations on October 27, 2016higher than 0.77, however, this growth will trigger the formation of the descending wave pattern Wolfe that will indicate an attempt to reduce and development of the downward trend for the pair.
AUD USD Forecast Australian Dollar on October 27, 2016 suggests an attempt to current levels in the rebound from the trend line on the indicator of relative strength, in the case of the growth in the area of local maximum is try to sell on bearish Wolfe wave model.
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