Currency pair Australian dollar against the US dollar AUD USD continued its growth and was able to upgrade the region highs. However, the quotation AUD USD continues to move in the bearish Wolfe wave model. The purpose of the fall is the area on the level below 0.7340.
AUD/USD Forecast Australian Dollar on July 14, 2016
The immediate goal of reducing can select an area near the level of 0.7450. Cancellation option of falling of pair AUD USD will be strong growth and penetration level of 0.77, which could trigger further growth. We continue to hold the sale and ready to try to open new positions on the development of a downward movement.
AUD/USD Forecast Australian Dollar on July 14, 2016 suggests an attempt within the beginning of the descending pattern Wolfe waves.
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