Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7608. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.7615, from which one should expect a rebound attempt and further development of the decline with the target near the level of 0.7705.
Australian Dollar forecast AUD/USD on November 27, 2017
Earlier, a weak signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7575. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7645, indicating a change in the flat trend in favor of a bearish trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the lower boundary of the Cloud and the closing below the level of 0.7545.
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