Currency pair Australian dollar against the US dollar AUD USD continues to fall within the mining forex bearish wave pattern Wolfe to reduce the area below 0.7480.
Technical analysis and forex forecast AUDUSD on November 14, 2016
Cancellation option will be a strong growth of quotations of the pair above the 0.7750 level, which will point to the abolition of the model and the continued development of an upward trend for the pair. We continue to hold the sale of USD AUD and build new short positions on the pair.
Technical analysis and forex forecast AUDUSD on November 14, 2016 suggests an attempt to reduce to the 0.7480 level within the mining Forex Wolfe wave model.