Currency pair Australian dollar against the US dollar AUD USD continues to test the descending channel, close the upper limit and at the moment there is a potential for the development of falling of pair of quotes in the area below the level of 0.7540. Cancellation option will be a strong growth of quotations of the pair above the 0.77 level, which will point to the abolition of the model and the pair continued growth of quotations in the area above the level of 0.78.
Technical analysis and forecast AUD USD on November 4, 2016
We continue to hold to sell the pair and are ready to increase the volume of sales to the extent of the fall.
Technical analysis and forecast AUD USD on November 4, 2016 suggests an attempt to fall on the 0.7540 level in the framework of the beginning of the descending forex 1:1 model, will be the abolition of quotations leaves the channel.