Currency pair Australian Dollar US Dollar AUD USD continues to trade within a descending forex 1:1 model. Currently we should expect to try the test the upper boundary of the model and continue AUD USD quotations fall to below 0.7450.
AUD USD Forecast Australian Dollar on September 6, 2016
Cancellation option will be the fall of the Australian dollar strong growth and a break above the 0.7650 area, which point to the continued growth of quotations USD AUD. An additional signal for the continuation of the fall is the resistance of the downlink test indicator of relative strength.
AUD USD Forecast Australian Dollar on September 6, 2016 suggests an attempt to continue falling in the framework of working out a bearish pattern 1:1 with the potential to reduce to below 0.7450 areas.
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