Australian Dollar forecast AUD/USD on October 12, 2017


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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.

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