Currency pair Australian Dollar US Dollar AUD USD continues to trade within the forex reversal patterns of Head and Shoulders. Presumably it coming to an end right shoulder model, where we can expect the beginning of falling of pair of quotes in the neck line at the level of 0.520.
AUD USD Forecast Australian Dollar on September 12, 2016
We try aggressive sales of the pair AUD USD with a close stop. Cancellation option will update the local maximum region that will lead to the abolition of forex model and point to continued growth in the Australian dollar quotations on up. Even with the breakdown of the area below the neck line is expected to accelerate the drop in prices pair with the objectives below 0.72.
AUD USD Forecast Australian Dollar on September 12, 2016 Australian Dollar to fall suggests an attempt to start mining within the forex head and shoulders pattern with the immediate goal of the fall in the level of 0.7520.
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