Currency pair Australian dollar AUD USD is also completing the current week a serious fall. At the moment, there is the potential for the formation of reversal pattern head and shoulders.
AUD USD Forecast June 27, 2016 — July 1, 2016
To complete the model you want to see the growth of quotations USD AUD in the area above the level of 0.75, where is trying new tight stop sales. Cancellation option formation and start mining model will be a strong increase in the Australian dollar quotes above level 0.7680. In this case, we should expect continued growth in the currency pair AUD/USD in the area above the level of 0.79. Target of the reversal pattern is the area on the level below 0.71. An additional signal to the fall of the Australian dollar against the US currency in favor test downward trend line on the indicator of relative strength.
AUD USD Forecast June 27, 2016 — July 1, 2016 suggests correction attempted to 0.75 for the completion of the model’s head and shoulders with a potential target of the fall aud usd below 0.71.
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