Australian Dollar insight AUDUSD for November 16, 2017
Australian Dollar trading 0.47% lower against US Dollar
Australia’s Westpac consumer confidence index eased in November.
Earlier, a strong signal was received to sell the Australian Dollar/US Dollar
AUDUSD is expected to attempt a rebound and further development of the fall with a target near the level of 0.7540.
CURRENCY TRADERS Australian Dollar insight Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7631. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Australian Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7645 is expected, from which it is expected to attempt a rebound and further development of the fall with a target near the level of 0.7540.
Earlier, a strong signal was received for the sale of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7660. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7690, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD is with a breakdown of the level of 0.7595
The pair is trading at 0.7594 at 10:40 GMT this morning, with the Australian Dollar trading 0.47% lower against US Dollar from the New York close. Overnight data showed that Australia’s Westpac consumer confidence index eased in November. This morning, the pair traded at a high of 0.7633 and a low of 0.7576. The Australian Dollar traded 0.17% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7630. The pair is expected to its find support at 0.7563 and its first resistance at 0.7637.
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