Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7788. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Australian Dollar/US Dollar. The test of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.7795, from which it is expected to attempt a rebound and further develop the bearish trend with the target of lowering near the level of 0.7690.
Australian Dollar forecast AUD/USD on October 13, 2017
An additional signal in favor of the fall is the resistance level test. Earlier, we received a weak signal for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7785. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7830, which will indicate a change in the bearish trend in favor of the bullish. Expect the acceleration of the fall in quotations AUD/USD is with the breakdown of the local minimum area at the level of 0.7730.