Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7856. 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 0.7875, from which it is expected to attempt a rebound and further development of a bearish trend with a target to falling near the level of 0.7690. An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel.
Australian Dollar forecast AUD/USD on February 15, 2018
Earlier, we received a weak signal for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7845. The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7965, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD is with the breakdown of the support area and closing below the level of 0.7760.
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