AUD/USD Forecast. Ichimoku Cloud Analysis

forex-news-audAUDUSD is trading at 0.7702; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the Tenkan-Sen and Kijun-Sen at 0.7735 and then continue moving downwards to reach 0.7620. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border.

However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7815. In this case, the pair may continue growing towards 0.7930.

AUDUSD

Orgin: RoboForex

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