The currency pair Australian dollar to US dollar AUD/USD is trading at the level of 0.7610. The pair is traded inside the Ichimoku Cloud, which indicates that there is a lateral trend in the pair, but we should expect a breakdown of the lower boundary of the Cloud in the very near future. With the breakdown of the support area, the test of the lower boundary of the Ichimoku Cloud near the level of 0.7620 is expected, from which one should expect an attempt to fall and develop a bearish trend for this pair with a view to lower near the level of 0.7540.
Ichimoku Kinko Hyo forecast AUD/USD on March 27, 2017
Earlier, a weak signal was received for the sale of the Australian dollar pair of the US dollar, due to the intersection of signal lines at the level of 0.7690. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the 0.770 area, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations AUD/USD is with the breakdown of the local minimum area at the level of 0.760.
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