Forex Forecast AUD/USD on May 2016


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Currency pair Australian dollar against the US dollar AUD USD still managed to show a rebound from the upper border of the descending channel 1: 1 model. Already in May 2016 is expected to start falling in the region below the local minimum at 0.65. However, this overall goal mining model that may be unattainable in May 2016.

Forex Forecast AUD/USD on May 2016

Forex Forecast AUD/USD on May 2016

Cancellation of the fall of quotations of the Australian dollar will be the pair aud usd higher than 0.80, which will lead to the cancellation of a downward FX 1:1 model. An additional signal in favor of the fall is the test and the resistance level of the indicator of relative strength, it also points to the potential the AUD falling quotations USD.

Thus, Forex Forecast AUD/USD on May 2016 involves the development of a full-fledged attempt downtrend for the pair with the descending pattern 1:1 with a view on the level of 0.65.


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