Forecast AUD/USD: the pair will continue falling

newzeeland_dollarAUDUSD is trading at 0.7549; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7575 and then continue moving downwards to reach 0.7465.

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 0.7680. After breaking the channel’s downside border and fixing below 0.7530, the price may continue moving downwards.

AUDUSD

Orgin: RoboForex

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