AUD/USD forecast Australian Dollar April 9, 2018


Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7668. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Australian Dollar US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.7680, from which it is expected to attempt a rebound and further development of the bearish trend with the aim of falling near the level of 0.7585.

AUD/USD forecast Australian Dollar April 9, 2018

An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7675.

AUD/USD forecast Australian Dollar April 9, 2018

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 quotes above the 0.7725 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the lower boundary of the bullish channel and the closing below the level of 0.7650.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment