Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.8003. 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 0.7995, from which one should expect an attempt to fall and further develop the bearish trend with the target of lowering near the level of 0.7880.
Australian Dollar forecast AUD/USD on September 22, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7990. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 0.8040 area, 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 0.7940.