Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7621. The pair continues to trade inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.7630, from which one should expect a rebound attempt and further development of the fall with a target near the level of 0.7590.
Australian Dollar forecast AUD/USD on November 24, 2017
Earlier, a weak signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7575. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7645, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 0.7540.
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