Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7801. 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 Cloud near the level of 0.7815 is expected to test the bottom of the cloud, from which one should expect a rebound attempt and further development of the bearish trend with a view to falling near the level of 0.7710.
Australian Dollar forecast AUD/USD on October 25, 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’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7865, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD is with a breakdown of the level of 0.7800.
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