The pair AUD USD Australian Dollar continues to trade within the forex pivot head and shoulders pattern on the daily chart. At the moment, the pair quotes AUD USD finished the formation of the right shoulder, and has the potential to start the fall of the Australian dollar to the first target at the level of 0.74.
AUD USD forecast for the week 8 August — 12 August, 2016
Cancellation option AUD USD fall of quotations on the next trading week will be a strong growth and penetration level of 0.77 closing prices that will cancel the forex reversal pattern. An additional signal in favor of the drop in prices AUD USD testing the descending trend line on the indicator of relative strength.
AUD USD forecast for the week 8 August — 12 August, 2016 attempt to assume fall within the beginning of mining forex reversal patterns with the potential target of the fall below the level of 0.70.
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