Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7677. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Australian Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7780 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 0.7470.
FOREX forecast AUD/USD April 2 — 6, 2018
An additional signal in favor of the fall of the pair will be a resistance level test, as well as a test of the lower boundary of the bearish 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 0.7965.
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 0.7920, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall of AUD/USD is with the breakdown of the support area and the closing below the area of 0.7600.
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