Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7755. 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 indicator area signal line test near the level of 0.7790 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with the target of decreasing near the level of 0.7640.
Australian Dollar forecast AUD/USD on October 11, 2017
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 0.7825. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7850, 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 is with the breakdown of the local minimum area at the level of 0.7730.