Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7716. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the 0.7745 level, from which it is expected to attempt a rebound and further development of the fall to fall near the level of 0.7670.
Australian Dollar forecast AUD/USD on November 6, 2017
Earlier, a weak signal was received to buy the Australian Dollar/US Dollar, due to the crossing of the signal lines at 0.7680. 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 quotes above the 0.7765 area, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the lower limit of the indicator and the closing below the level of 0.7640.
