Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7851. 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 0.7870, 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 0.7710.
Australian Dollar forecast AUD/USD on February 28, 2018
An additional signal in favor of the fall of the pair is the upper bound of the «Triangle» model. 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 0.7895. 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 area of 0.7920, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the lower boundary of the Cloud of the indicator and the closing below the level of 0.7770.
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