Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7826. 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 area of Ichimoku Kinko Hyo signal lines near the level of 0.7885 is expected, from which one should expect a rebound attempt and further development of a downward trend with a target to falling near the level of 0.7730.
Australian Dollar forecast AUD/USD on February 9, 2018
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at 0.8060. 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 area of 0.7995, 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 the closing below the level of 0.7800.
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