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.
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.