AUD/USD Forecast. Ichimoku Cloud Analysis

aud_newsThe instrument is trading at 0.6728 inside the Cloud, which suggests a flat. Testing of the upper border of the Cloud near 0.6790 is expected, followed by a decline to 0.6620. Yet another signal of decline may be a bounce off the resistane level. The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 0.6905, which may be followed by further growth above 0.6905. The decline may be confirmed by a brreakaway of the lower border of the Triangle and closing below 0.6720.


Orgin: RoboForex

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