Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7587. 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 0.7610 is expected, from which it is expected to attempt a rebound and further development of the fall with a target near the level of 0.7540.
Australian Dollar forecast AUD/USD on November 17, 2017
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, 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 0.7660. 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 0.7690, 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 a breakdown of the level of 0.7555.
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