Australian Dollar forecast today: May 11 2016


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The pair AUD USD Australian Dollar continues to trade on the FOREX in line with expectations and our forecast weekly AUD / USD. At the moment, formed an inverted head and shoulders pattern on the hourly chart of the Australian dollar, which implies an attempt to increase at a level above 0.7430. Cancellation option will update the field local minimum. We try buying aud usd with tight stop. Cancellation option will break through the level of formation of the right shoulder model.

Australian Dollar forecast today: May 11 2016

Australian Dollar forecast today: May 11 2016

Thus, Australian Dollar forecast today: May 11 2016 suggests an attempt to increase within the mining inverted head and shoulders pattern.


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