Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7932. 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 Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7985, from which one should expect an attempt to fall and further develop the bearish trend with the target of lowering near the level of 0.7840.
Australian Dollar forecast AUD/USD on September 22, 2017
Earlier, a medium strength signal was received for the sale of the Australian 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 0.8045, indicating 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 0.7890.
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