Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7745. 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 0.7755 level, from which it is expected to attempt a rebound and further development of a bearish trend with a target to falling near the level of 0.7605.
Australian Dollar forecast AUD/USD on March 28, 2018
An additional signal in favor of the fall of the pair is the upper 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 signal lines at the level of 0.7725.
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 0.7810, 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 stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.7670.