Currency pair Australian dollar AUD USD continued its growth, thus we did not get the area to buy the pair. At the moment, there is the potential for the formation of the descending pattern with the target of the fall 5-0 at below 0.71.
AUD/USD dollar exchange rate forecast — June 8, 2016
To complete the formation of such a model, you need to see the test the upper boundary of the channel, where should try to sell with a close stop. Cancellation option of continuing drop in prices AUD USD will break through the upper boundary of the descending channel and growth of quotations of the pair above the 0.7520 level.
AUD/USD dollar exchange rate forecast — June 8, 2016 suggests test 0.7460 level, where we can expect the beginning of quotations USD AUD fall within the descending pattern 5-0.
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