AUD/USD Forecast. Technical Analysis 04.12.2017

aud_newsThe AUD/USD pair is trading at 0.7591; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.7610 and then continue moving downwards to reach 0.7560.

However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7620. In this case, the pair may continue growing towards 0.7720. After breaking the downside border of the Triangle pattern and fixing below 0.7530, the price may resume falling.

AUDUSD

Orgin: RoboForex

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