Currency pair Australian dollar against the US dollar AUD USD continues to trade within the formation of topping models forex head and shoulders.
AUD USD dollar exchange rate forecast July 12, 2016
Currently we should expect the test, try the area above the level of 0.7570, where you can try new selling the pair AUD USD with a close stop. Cancellation option will be the fall of the Australian dollar strong increase in quotes above the level of 0.76, which will lead to the abolition of the model’s head and shoulders and point to continued growth in the currency pair USD AUD. An additional signal in favor of the beginning of the fall is the test of the descending trend line on the indicator of relative strength.
AUD USD dollar exchange rate forecast July 12, 2016 suggests an attempt to fall within the beginning of working out the model’s head and shoulders.
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