Australian Dollar forecast AUD/USD on March 23, 2018


Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7682. 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 Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7805, from which one should expect a rebound attempt and further development of the bearish trend with the target of falling near the level of 0.7655.

Australian Dollar forecast AUD/USD on March 23, 2018

An additional signal in favor of the fall of the pair is the test of the upper 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 0.7855.

Australian Dollar forecast AUD/USD on March 23, 2018

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 ​​0.7820, which will indicate a change in the bearish trend in favor of the bullish trend area and closing below the level of 0.7640.


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