Currency pair Australian dollar against the US dollar AUD USD continues to decline in line with expectations and at the moment there are risks to see an attempt to break the lower boundary of triangle forex pattern and continue falling to below the level of 0.7450.
AUD USD Forecast Australian Dollar on October 31, 2016
An additional signal for the continuation of the fall will be a breakdown of the support line on the indicator of relative strength. Cancellation option of falling Australian dollar quotations will be a strong growth of quotations AUD/USD above the 0.7630 level.
AUD USD Forecast Australian Dollar on October 31, 2016 suggests an attempt to continue to fall below the level of 0.7450 in the framework of start mining forex triangle patterns.
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