Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of growth. At the moment, we should expect the pair to continue growing above the level of 0.7995, where again we should expect the pair to fall. In favor of falling quotations of the pair AUD/USD is the formation of the bearish wave model Wolfe with the potential target of working at a level below the area of 0.7840.
AUD/USD forecast & technical analysis on August 22, 2017
The cancellation of the variant of the Australian Dollar price reduction will be a breakdown at the level of 0.8040, which will indicate the abolition of the Wolfe wave model and the continued growth of the pair.
Important news from Australia is not expected, so the pair will continue to move in the technical analysis AUD/USD.
AUD/USD forecast & technical analysis on August 22, 2017 suggests an attempt to test the upper boundary of the Wolfe wave model near the area of 0.7995, where it is expected to fall below the level of 0.7840.
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