Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7675. 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 level of 0.7690, from which it is expected to attempt a rebound and further develop the bearish trend with a target to falling near the level of 0.7570.
Australian Dollar forecast AUD/USD on November 3, 2017
Earlier, a medium strength signal was received for the sell 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 quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 0.7755 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 0.7610.
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