Currency pair Australian dollar AUD USD finished the trading week with a minor correction, but is expected to attempt to continue falling in the rebound from the resistance area. We continue to hold the sale of the Australian dollar and are ready to increase the volume of sales to the extent of the fall.
AUD USD forecast on November 28 — December 2, 2016
The aim of reducing the next trading week is the area at the level of below 0.70 with a potential drop to below 0.68. Cancellation option of reduction of quotations AUD USD can become a strong growth above the level of 0.76, which indicates the continuation of an upward trend for the pair. Acceleration of the fall should not expect a breakdown field of a local minimum. Among the important news from Australia will only publish data on the change in the volume of capital expenditure in the private sector, which will be presented to the market December 1, 2016.
AUD USD forecast on November 28 — December 2, 2016 suggests an attempt to continue falling in the rebound from the resistance area with the potential to reduce the level below the area of 0.70, in the case of the breakdown of which is expected to fall to 0.68.