Currency pair Australian dollar against the US dollar AUD USD continues to move in the beginning of the mining triangle forex pattern. At the moment, the pair quotes struck the lower boundary of the model that will point to the continuation of the drop in prices to below the level of 0.7520.
AUD/USD Forecast Australian dollar on February 8, 2017
For the benefit of falling of pair will perform a breakdown of the uptrend line on the indicator of relative strength that will indicate the completion of the upward correction on AUD/USD. We continue to hold to sell the pair and are ready to increase the volume of short positions on decreasing development.
Cancellation option will be a strong growth area and the breakdown of 0.7690, which indicates continued growth an couple. Important news from Australia is not expected, so the pair will continue to move in the technical analysis of the AUD/USD.
AUD/USD Forecast Australian dollar on February 8, 2017 suggests an attempt to fall within the mining triangle forex pattern for the purpose at a level below the area of 0.7520, which may point to a continuation of falling of quotations AUD/USD.
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