Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7729. 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 0.7750 is expected, 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 0.7640.
Australian Dollar forecast AUD/USD on March 2, 2018
An additional signal in favor of the fall of the pair is the resistance level test. 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 0.7900, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the fall in quotations AUD/USD is with the breakdown of the support area and closing below the level of 0.7680.
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