Currency pair Australian dollar against the US dollar USD AUD continues to trade at the level of the right shoulder reversal pattern Forex Head and Shoulders. The purpose of the fall and the mining model is the area on the level below 0.73.
Forex Forecast AUD USD on December 6, 2016
Cancellation option of the Australian dollar will fall in quotations strong growth above the level of 0.75, which points to the couple leaves the descending channel and the continued development of growth. We continue to hold the sales are increasing the amount of short positions with the tight stop. Is expected to accelerate the fall of quotes USD AUD is a breakdown of the 0.7380 area. Among the important news from Australia tomorrow December 6, 2016, is to provide, the Reserve Bank of Australia’s decision on the basic interest rate, it is expected that the rate will remain at 1.5%, but any surprise could trigger a strong increase in volatility in the pairs involving the Australian dollar.
Forex Forecast AUD USD on December 6, 2016 suggests an attempt to fall within the mining forex head and shoulders pattern with a view to a potential fall in the level below 0.73 area.
