Australian Dollar Forecast AUD USD on November 1, 2016


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Currency pair Australian dollar against the US dollar AUD USD continues to trade within the forex triangle patterns. At the moment, and the values of the indicator of the relative strength moving in the model Triangle, we expect the breakdown of the lower limit and the beginning of the fall of quotations pair below 0.74 within the mining model.

Australian Dollar Forecast AUD USD on November 1, 2016

Australian Dollar Forecast AUD USD on November 1, 2016

Cancellation option can become a strong growth of quotations AUD USD above 0.77 levels. But do not rule out a pair of correction attempt to 0.7640.

Australian Dollar Forecast AUD USD on November 1, 2016 suggests an attempt to continue to reduce to the lower boundary of the triangle forex pattern with the probability of breakdown it down and drop development.

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