AUDUSD is trading at 0.6692 above the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud near 0.6710 is expected, followed by a decline to 0.6560. An additional signal confirming the decline will be a bounce off the resistance level.
The falling will be canceled in the case of a breakout of the upper border of the Cloud and closing above 0.6755, which will mean further growth above 0.6835. The decline will be confirmed by a breakout of the support area and closing below 0.6645. In this case, we may consider a breakout of the lower border of the Triangle pattern and the start of its execution.
Orgin: RoboForex
