Currency pair Australian dollar against the US dollar AUD USD continues to move in the forex Wolfe wave model in order to reduce to below 0.7480 area. Cancellation option will increase in a strong pair of quotes above level 0.7770, which will indicate the model and the potential abolition of the continued growth of quotations pair USD AUD. We try to sell the pair with the tight stop.
Technical analysis and forecast of USD AUD on November 11, 2016
Moreover now it has the potential to fall already within the forex reversal patterns of Head and Shoulders.
Technical analysis and forecast of USD AUD on November 11, 2016 assumes continuation of falling within the completion of work bearish wave pattern Wolfe to reduce to below the area of 0.7480, but in case of updating the area of a local maximum is expected abolition of the model and the growth of the pair to the area above 0.78 level.