Currency pair Australian dollar against the US dollar AUDUSD completes the current week sideways. To date, the potential is maintained for a rebound under the bovine model 5-0. Also there is a test the support line on the indicator of relative strength, which also involves an attempt to increase.
AUD/USD forecast for the week 05.16.2016 — 05.20.2016
Cancellation option will break through the lower boundary of the rising channel that will trigger on the pair continued downward movement of AUDUSD on the current trading week 5.16.2016 — 05.20.2016 to a local minimum. Do not forget that the pair aud/usd traded is in a downtrend, and if you have items for sale on top, they are worth keeping.
Thus, AUD/USD forecast for the week 05.16.2016 — 05.20.2016 suggests an attempt to rebound from the bottom of the bovine model of 5-0, but the collapse of the channel, trigger test 0.70 area next week.