Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7841. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the pair Australian Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7835 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the level of 0.7965.
Australian Dollar forecast AUD/USD on January 10, 2018
An additional signal in favor of the growth of quotations will be the test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7670. 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 0.7735, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations AUD/USD is with a breakdown of the level of 0.7890.