Australian Dollar forecast AUD/USD on October 12, 2017


Welcome Bonus 30 USD

Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7775. 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 is expected near the 0.7790 level, from which it is expected to attempt a rebound and further development of the bearish trend with a target to lower near the level of 0.7690.

Australian Dollar forecast AUD/USD on October 12, 2017

Australian Dollar forecast AUD/USD on October 12, 2017

An additional signal in favor of the fall will be the test of the upper boundary of the descending channel. Earlier, a strong signal was received for the sell of the pair Australian Dollar/US Dollar, due to the intersection of signal lines at the level of 0.7825. 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 quotes above the area of ​​0.7840, 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.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment