Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7682. 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. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.7690, from which it is expected to attempt a rebound and further development of the fall with a target near the level of 0.7560.
Australian Dollar forecast AUD/USD on November 13, 2017
Earlier, we received a weak signal for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7665. 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 0.7720 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate 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 0.7620.
