Currency pair Australian dollar against the US dollar USD AUD continued tight test the upper limit of the downward channel. In favor of the continuation of the fall of the Australian dollar quotations stands the test downward trend line on the indicator of relative strength.
Technical analysis and forecast of AUD USD on December 9, 2016
The purpose of the fall is still the area at a level below 0.73. Cancellation option of falling quotations AUD USD above 0.7510 level, which will point to the abolition of bearish forex models 5-0 and continued development of growth. We continue to keep selling the pair with the tight stop. Among the data that may have an impact on the Australian dollar tomorrow, December 9, 2016, is to provide, change in the volume of mortgage lending.
Technical analysis and forecast of AUD USD on December 9, 2016 suggests an attempt to fall within the beginning of the descending forex 5-0 models in order to reduce the level below 0.73 area.