Currency pair Australian dollar against the US dollar AUD USD continues to test the resistance area tightly. At the moment, it formed a kind of forex failure swing pattern that indicates a breakdown below 0.7620 areas. Cancellation option will increase in quotes above the strong level of 0.77, in which case we can expect an attempt to continue the growth of quotations of USD AUD.
Forex Forecast USD AUD and analysis on November 7, 2016
The purpose of the fall and mining forex 1:1 model is the area on the level below 0.75; the cancellation option will also be a breakdown of the area of a local maximum. It is also necessary to consider the publication of NON-FARM PAYROLLS, which can completely cancel model.
Forex Forecast USD AUD and analysis on November 7, 2016 suggests an attempt to fall within the mining model forex failure swing in order to reduce to below 0.7620.