Currency pair Australian dollar against the US dollar AUD USD continues to move in the development of ascending correction, but already at the moment there is a potential for falling and mining forex reversal patterns failure swing on the indicator of relative strength.
Forex Forecast AUD USD on January 11, 2017
In favor of a reduction of quotations of the Australian dollar will also make the breakdown of the trend line on the indicator that points to a potential support field test near the level of a local minimum. Expect acceleration reduction is a pair of quotations going beyond the ascending channel that indicates the completion of on AUD/USD correction.
Cancellation option will be the fall of quotations strong growth above the level of 0.7470, it will point to continued growth. Important news from Australia tomorrow is not expected, so the pair will continue to move in the technical analysis of AUD USD.
Forex Forecast AUD USD on January 11, 2017 suggests an attempt to fall within the mining forex failure swing model with the potential to reduce to below 0.7150 area.
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