Currency pair Australian Dollar AUD/USD is trading at 0.7654. The pair broke through the lower boundary of Ichimoku Cloud and at the moment there is a potential for a continuation of falling Australian dollar quotations in the region at the level of 0.7580. Previously it received a weak signal to sell the pair by the intersection of the signal lines.
Ichimoku Kinko Hyo forecast AUD/USD on March 2, 2017
Cancellation option of a downward trend for the pair AUD/USD will break-down the upper limit of the Ichimoku Cloud and closing quotations of the pair above the 0.7720 area, which indicates the resumption of uptrend with the upside above 0.7780 area. Now we can expect a tight test the breached border of the Ichimoku Cloud and continuing decline.
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