Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7862. 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 of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.7865, from which one should expect a rebound attempt and further development of the bearish trend with the target of decreasing near the 0.7725 level.
Australian Dollar forecast AUD/USD on October 6, 2017
Earlier, a weak strength signal was obtained for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7825. 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 quotes above the area of 0.7890, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7790.
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