Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7976. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7940, from which one should expect an attempt of growth and development of the bullish trend for the pair AUD/USD with the target of growth near the level of 0.8180.
Australian Dollar forecast AUD/USD on August 1, 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 0.7972. 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 stands with the breakdown of the local maximum area at 0.8140.
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