Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7966. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend in the pair Australian Dollar/US Dollar. The pair AUD/USD is expected to fall to the level of 0.7960, from which it is expected to try to grow and develop the bullish trend for the pair AUD/USD with the target of growth near the level of 0.8160.
Australian Dollar forecast AUD/USD on August 2, 2017
Earlier, a strong signal was received for buying of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7967. An additional signal in favor of an upward trend is the support area test. 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 quotations below the area of 0.7890, 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 0.8130.
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