The pair AUD USD at the current trading week, continued tight test resistance area at 0.77. To date, the potential is retained for fall within the framework of the beginning of working out a bearish wave Wolfe for the purpose of falling below the 0.72 area.
AUD USD forecast for the week 22 August — 26 August, 2016
Cancellation option working out such a model will be a strong growth of quotations AUD USD above 0.78 level that cancels the model and point to continued growth in the Australian dollar. An additional signal in favor of the drop in prices pair AUD USD testing the descending trend line on the indicator of relative strength. We continue to hold to sell the pair and are ready to increase the volume of sales to the extent of the fall. Also do not forget about the downward pattern of 1:1 on the weekly chart of the pair, which points to a potential drop in AUD USD to below 0.66.
AUD USD forecast for the week 22 August — 26 August, 2016 suggests quotations falling attempt within the beginning of the descending pattern with the aim Wolfe waves fall at 0.72.