Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7878. 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 growth of quotations of AUD/USD to the level of 0.7940 is expected, from which one should expect an attempt to fall and develop the bearish trend for the pair AUD/USD with the target of decreasing near the level of 0.7750.
Australian Dollar forecast AUD/USD on August 10, 2017
Earlier, a weak signal was received for the sale of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7999. 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 quotations above the area of 0.8000, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7780.
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