Technical analysis and forecast AUD USD on November 24, 2016


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Currency pair Australian dollar against the US dollar AUD USD continues to develop upward correction. At the moment, the pair quotes tight test area of the upper limit of the downward channel, where we can expect the fall to try to lower the level of 0.73.

Technical analysis and forecast AUD USD on November 24, 2016

Technical analysis and forecast AUD USD on November 24, 2016

But do not rule out an attempt to grow and test the trend line on the indicator of relative strength. Once again, we try to sell the pair with the tight stop and are ready to increase the volume of sales of the Australian dollar as of the fall of quotations. Cancellation option will be the pair of reducing the strong growth of quotations AUD/USD above 0.75 levels; in this case, we can expect an attempt to continue the development of the upward correction in the region at the level of 0.76.

Technical analysis and forecast AUD USD on November 24, 2016 suggests an attempt to fall within the framework of the descending forex 1: 1 model in order to reduce an area below 0.73.

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