AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is testing the upper boundary of the bearish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6530 is expected, followed by a decline to 0.6430. An additional signal confirming the decline will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud with the price securing above 0.6580, which will mean further growth to 0.6675.
Origin: RoboForex
