Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7867. The pair continues to trade above the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud near the level 0.7845 is expected to be tested, 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 0.7990.
Australian Dollar forecast AUD/USD on October 23, 2017
Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7840. 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 quotes below the area of 0.7805, 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 a breakdown of the resistance level and closing above the area of 0.7915.