The pair AUD USD on FOREX showed an upward movement, but for the moment retained the potential for growth within the mining inverted head and shoulders pattern that is within our bullish scenario based forecast AUD/USD for the week 05/16/2016 – 05/20/2016.
AUD USD Forecast FOREX – May 18, 2016
To complete the formation of inverted head and shoulders pattern is necessary to see the test below 0.73, where you can try to buy the AUD/USD with a close stop. Cancellation option will be the continuation of the fall and upgrade the level of the local minimum. Thus, AUD USD Forecast FOREX – May 18, 2016 suggests an attempt to increase the level of 0.73 within the mining reversal forex head and shoulders pattern.