![Forecasts for AUD/USD by Bank of Tokyo-Mitsubishi: bearish trend will resume in December by slowly ranging way Forecasts for AUD/USD by Bank of Tokyo-Mitsubishi: bearish trend will resume in December by slowly ranging way](https://c.mql5.com/6/686/splash-648662-1441790404.png)
Forecasts for AUD/USD by Bank of Tokyo-Mitsubishi: bearish trend will resume in December by slowly ranging way
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
Bank of Tokyo-Mitsubishi UFJ made updated forecast for the major pairs up to June 2016. For example, the Bank estimated for AUD/USD to be 0.71 for this month and 0.69 by December this year for example. It means that the bear market rally will be continuing for this pair by breaking 0.7062 resistance on close bar, and the price will be stopped at around 0.71 as a consensus for example. It also means that 0.7205 resistance will not be broken from below to above, and the price will start to break 0.6907 support level in December this year only.
Pairs | Q3 Sep'15 | Q4 Dec'15 | Q1 Mar'16 | Q2 Jun'16 |
---|---|---|---|---|
AUD/USD | 0.710 | 0.690 | 0.680 | 0.670 |
Thus, we are expecting for the bearish trend to be continuing in December this year by very slowly ranging way for example.