Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7784. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.7810 is expected, 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 0.7680. An additional signal in favor of the fall of the pair will be the test of the lower bound of the «Triangle» model.
Australian Dollar forecast AUD/USD on March 1, 2018
Earlier, a strong signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7825. 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 area of 0.7910, 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 is with the breakdown of the support area and closing below the level of 0.7740.
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