Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7819. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the Australian Dollar/US Dollar. The breakdown and the test of the upper boundary of the Ichimoku Kinko Hyo indicator cloud are expected near the level of 0.7800, from which it is expected to attempt a rebound and further development of the bullish trend with the aim of growth near the level of 0.7925.
Australian Dollar forecast AUD/USD on October 16, 2017
Earlier, we received a weak signal for buy of the pair Australian Dollar US Dollar, due to the intersection of signal lines at the level of 0.7785. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7760, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations AUD/USD is worth a breakdown of the area of 0.7850.
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