Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7653. 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 0.7675 is expected, from which it is expected to attempt a rebound and further develop the bearish trend with a target of falling near the level of 0.7570.
Australian Dollar forecast AUD/USD on November 2, 2017
Earlier, a medium strength signal was received for the sale of the Australian Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7835. 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 0.7765, 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 0.7610.
