Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7715. 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 0.7745 is expected, from which one should expect a rebound attempt and further development of a bearish trend with a target to falling near the level of 0.7620.
Australian Dollar forecast AUD/USD on March 21, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. 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 0.7855.
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 0.7810, 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 0.7640.
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