Australian Dollar forecast AUD/USD on October 27, 2017


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Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7697. 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 test area of ​​Ichimoku Kinko Hyo signal lines near the level of 0.7730 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with a target of falling near the level of 0.7620.

Australian Dollar forecast AUD/USD on October 27, 2017

Australian Dollar forecast AUD/USD on October 27, 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 quotes of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of ​​0.7805, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD is with a breakdown of the level of 0.7690.

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