Currency pair Australian dollar against the US dollar AUD USD continues to move in line with expectations and our forecast AUD/USD for tomorrow. Currently tightly couple testing the upper limit of the downward channel, which indicates that an attempt to rebound and fall within the mining model FX 5-0 to reduce the area at a level below 0.73.
Technical analysis and forex forecast AUD USD on December 8, 2016
We continue to hold the sale of the Australian dollar with a close stop above the level of 0.75. To increase sales is to breakdown the support level of 0.7380. Among the important events that may affect the Australian dollar tomorrow, December 8, 2016 stands out, the balance of foreign trade balance is expected to change with level indicator -1.23B to -0.72B level, which may provide some support for the Aussie.
Technical analysis and forex forecast AUD USD on December 8, 2016 attempt to continue falling in the framework of the completion of the descending pattern with the target at 5-0 at local minimum area, the cancellation will be the quotation leaves the descending channel.
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