AUD USD forecast on November 21, 2016 — November 25, 2016


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Currency pair Australian dollar AUD USD finished the trading week with a strong drop in prices at the level of 0.7335. At the moment, preserved potential for continuation of falling of pair Australian dollar to below 0.71.The next couple of quotations to reduce the area on the level below the level of 0.6950.

AUD USD forecast on November 21, 2016 — November 25, 2016

AUD USD forecast on November 21, 2016 — November 25, 2016

In favor of a continued drop in prices pair performs the breakdown of the uptrend line on the indicator of relative strength. Cancellation option of reduction of quotations AUD USD is not trading next week will be a strong growth of the pair above the 0.78 level, but this option we consider unlikely.

AUD USD forecast on November 21, 2016 — November 25, 2016 suggests an attempt to continue the reduction in the area below the 0.71 level within the framework of the downtrend with a potential target of the fall in the level of 0.65.

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