Currency pair Australian Dollar AUD/USD showed test the lower boundary of the rising channel on the current trading week. As you can see, bullish pattern 5-0 has completed the formation.
FOREX AUD/USD Forecast May 30, 2016 — June 3, 2016
At this point we expect the start of the upward movement with a potential target higher than 0.79. Additional forex signal in favor of the aud/usd growth in the upcoming trading week testing the rising trend line on the indicator of relative strength. Cancellation option can be a break through the lower boundary of the channel, and a drop in prices of the Australian dollar below 0.71. In this case, there is the potential to continue fall. FOREX AUD/USD Forecast May 30, 2016 — June 3, 2016 suggests the pair start working out within 5-0 bullish pattern with the aim above 0.79 levels.
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