Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7835. 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 cloud is expected near the level of 0.7860, from which it is expected to try to fall and further develop the bearish trend with the target of decreasing near the 0.7705 level.
Australian Dollar forecast AUD/USD on October 5, 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 0.8020. 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 0.7925, 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 the breakdown of the local minimum area at the level of 0.7780.