Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7709. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward 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 it is expected to attempt a rebound and further develop the bearish trend with the target of falling near the level of 0.7640.
Australian Dollar forecast AUD/USD on October 26, 2017
Earlier, a medium strength signal was received for the sell of the Australian Dollar/US Dollar, due to the intersection of the signal lines at the level of 0.7835. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.7805, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD is with a breakdown of the level of 0.7690.
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