Currency Pair Australian Dollar to US Dollar AUD/USD finished the trading month at the level of 0.7964. 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’s AUD/USD pair is expected to fall to the level of 0.7770, from which it is expected to try to grow and further develop the bullish trend for the pair Australian Dollar/US Dollar for the target of growth near the level of 0.8340.
Australian Dollar forecast AUD/USD for August 2017
Earlier, a strong signal was received for purchases of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7526. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7310, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the local maximum area at the level of 0.8220.
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