Currency pair Australian dollar against the US dollar AUD USD continues to test the lower boundary of the model 5-0 bullish on the daily chart the Australian.
FOREX AUD/USD Forecast — June 1, 2016
At the moment there is a potential for continued growth within the mining inverted head and shoulders pattern on the hourly chart of the AUD/USD. Additional forex signal in favor of the growth is the test rising trend line on the Relative Strength Indicator. Cancellation option will drop the growth of the Australian dollar quotations below 0.71. FOREX AUD/USD Forecast — June 1, 2016 suggests the beginning of the growth within the mining forex reversal pattern with the target above the level of 0.7350.
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