The currency pair aud/usd is trading the Australian dollar is fully in line with expectations and our forecast of AUD/USD for tomorrow. Currently on the daily chart of the pair a bullish start practicing model 5-0 with a potential target for the growth of the Australian dollar above the 0.79 level.
Forex AUD/USD Forecast — June 7, 2016
Cancellation option will be the continuation of the growth of a drop in prices pair below 0.71. On the four-hour chart the pair has the potential to form a reversal pattern head and shoulders. At this moment we should wait for a correction to and below 0.7240, where should try to buy with tight stop. Cancellation option will be the continuation of falling and breaking through the 0.72 level.
Forex AUD/USD Forecast — June 7, 2016 suggests aud usd pair of correction attempts within the completion of the formation of an inverted head and shoulders pattern, and the continued growth of the Australian dollar quotations in the area above the level of 0.76.
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