Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7884. 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. Ichimoku Kinko Hyo signal line area test is expected near the 0.7920 level, from which it is expected to attempt a rebound and further development of the bearish trend with a target to falling near the level of 0.7790.
Australian Dollar forecast AUD/USD on February 8, 2018
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at 0.8060. 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 quotations above the 0.8030 area, which will indicate a change in the bearish trend in favor of the upside. Expect to accelerate the fall in quotations AUD/USD is with the breakdown of the support area and closing below the level of 0.7840.
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