Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7089 and continues to move as part of the correction. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a flat trend for the Australian Dollar/US Dollar. As part of the Australian Dollar Forecast AUD/USD March 15, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.7110. Where should we expect an attempt to rebound and the continuation of the fall of the currency pair. The purpose of such a pair movement on Forex is the area near the level of 0.6965.
Australian Dollar Forecast AUD/USD March 15, 2019
An additional signal in favor of the fall of the AUD/USD currency pair at FOREX will be a test of the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a weak signal was received for BUY the Australian Dollar US Dollar. The signal was formed due to the intersection of signal lines at the level of 0.7040.
Cancellation of the fall in the AUD/USD pair quotes option will break the upper boundary of the Ichimoku Kinko Hyo Cloud. The reversal will be confirmed by closing of quotes above the area of 0.7135. This option will indicate a change in the side trend in favor of an upward trend and continued growth of the pair. Expect to accelerate the decline in quotations AUD/USD stands with the breakdown of the lower boundary of the indicator cloud and close below 0.7025.
Australian Dollar Forecast AUD/USD March 15, 2019 implies an attempt to test the resistance level near the 0.7110 area. Where can we expect to continue the fall of the currency pair with a potential target near the level of 0.6965. Cancellation of the reduction option will be a breakdown of the 0.7135 area. This will indicate the continuation of the rise of the currency pair on Forex.