Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7813. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7850 is expected to test the lower boundary of the Cloud, from which it is expected to attempt a fall with a target near the level of 0.7570. An additional signal in favor of the fall is the resistance level test.
FOREX forecast AUD/USD on October 23 — 27, 2017
Earlier, a weak signal was received for the sell 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 quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7990, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall and develop the bearish trend for AUD/USD, with a breakdown of 0.7730.
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