Technical analysis and forex forecast AUD USD on November 2, 2016


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Currency pair Australian dollar against the US dollar AUD USD shows ascending correction and development at the moment there is a quality top-down model of 1:1 on the continuation of the fall from the level of 0.7680. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the drop since the current levels.

Technical analysis and forex forecast AUD USD on November 2, 2016

Technical analysis and forex forecast AUD USD on November 2, 2016

Cancellation option will be a strong increase in the Australian dollar quotations higher than 0.77, which points to the continued growth of quotations of the pair.

Technical analysis and forex forecast AUD USD on November 2, 2016 suggests an attempt to fall within the beginning of the descending forex model 1:1 in order to fall below the 0.7530 area.

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