The pair AUD USD continues to test the lower boundary of the bovine model 5-0. The purpose of growth and refinement of this model is the area above the level of 0.78.
AUD USD forecast May 23 — May 27, 2016
Cancellation option of an upward movement in the current trading week will be a drop in prices of the Australian dollar below 0.71. An additional signal in favor of the growth of the Australian dollar quotations testing the rising trend line on the indicator RSI. That also involves an attempt to continue the growth already from current levels. AUD USD forecast May 23 — May 27, 2016 suggests a rebound from the bottom of the channel bovine model 5-0 and continued growth in the current trading week.