Currency pair Australian Dollar/US Dollar AUD/USD completes trading week at 0.7920. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair Australian Dollar/US Dollar. AUD/USD is expected to fall to the level of 0.7800, from which it is expected to try to grow and develop the bullish trend for the pair with the target of growth near the level of 0.8150.
AUD/USD weekly forecast on August 21 — 25, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7442. An additional signal in favor of the bullish trend will be a test of the support area. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7670, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD is with the breakdown of the local maximum area at the level of 0.8100.
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