The pair AUD USD Australian dollar held the current trading week in the descending pattern 5-0. As you can see, the pair try to start from the top of the channel, target of the fall aud/usd quotes the area at a level below 0.71.
AUD USD forecast for the week June 20, 2016 — June 24, 2016
Cancellation option of falling Australian dollar against the US quotes on the next trading week will be the pair above the 0.75 level. We continue to hold the sale in the case of a new upward correction willing to try to increase sales with the tight stop. An additional signal in favor of the fall will be the test of the descending trend line on the indicator of relative strength.
AUD USD forecast for the week June 20, 2016 — June 24, 2016 suggests a drop in prices AUD/USD as part of the descending pattern with 5-0 potential target at levels below 0.71.
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