Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7694. 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 Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.7720 level, from which one should expect a rebound attempt and further development of a bearish trend with a target to falling near the level of 0.7605.
AUD/USD forecast Australian Dollar for April 2, 2018
An additional signal in favor of the fall of the pair will be the test of the lower bound of the «Triangle» model. Previously, a strong signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7725.
The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7760, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD is with the breakdown of the support area and closing below the level of 0.7630.