The pair AUD USD AUD closed the week at 0.7594. currently quotes pair continues to trade within the forex triangle patterns. There remains potential for further reduction of quotations couple sample the lower boundary of the model triangle that points to the continued decline in the area below the level of 0.72.
AUD USD Forecast on October 31, 2016 — November 4, 2016
Cancellation option will be a strong growth of quotations AUD USD higher than 0.77, which points to the breakdown of the upper limit of forex model, this option indicates the continuation of an upward trend.
AUD USD Forecast on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the beginning of mining forex triangle patterns with the potential to reduce the level 0.72. cancellation will update the local maximum region.