Currency pair Australian dollar AUD USD is still trading within the descending pattern 1:1 with a view to the potential of falling of pair of quotes in the area below the level of 0.66. Cancellation option this fall of quotations AUD USD will be strong growth in the Australian dollar above the level of 0.80, which points to a continuation of the upward movement in the area above the level of 0.87.
Forecast of the Australian dollar in the September 2016
An additional signal for the continuation of the downward trend on the AUD USD and of the descending pattern testing the resistance line on the indicator of relative strength, it also points to the drop in the near future.
Forecast of the Australian dollar in the September 2016 suggests a pair of quotes fall in the rebound from the upper boundary of a descending forex 1:1 model with the potential aim of improving on the level below 0.66 area.
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