Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7690. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud upper test is expected near the level of 0.7710, from which it is expected to attempt a rebound and further development of a bearish trend with the target of falling near the level of 0.7595.
AUD/USD forecast Australian Dollar April 6, 2018
An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7675.
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 quotes above the 0.7725 area, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD is with the breakdown of the support area and closing below the level of 0.7660.
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