Currency pair Australian dollar AUD USD closed the week lower. At the moment, preserved potential to continue falling Australian dollar quotations in the region below the local minimum. Cancellation option will be a strong growth of quotations AUD USD above the 0.7750 level. An additional signal in favor of the falling Australian acts rebound values relative strength indicator, which also indicates a fall.
Forecast AUD USD October 24, 2016 — October 28, 2016
We continue to hold the sale and are ready to increase the volume of short positions on the pair.
Forecast AUD USD October 24, 2016 — October 28, 2016 suggests an attempt to continue falling in the rebound relative strength indicator values from the descending resistance line.
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