Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7848. 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 indicator area signal line test near the level of 0.7830 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 0.7960.
Australian Dollar forecast AUD/USD on October 18, 2017
Earlier, we received a weak signal for buy of the pair Australian Dollar/US Dollar, due to the crossing 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 Ichimoku Kinko Hyo Cloud with the closing of quotations below the 0.7760 area, 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 worth a breakdown of the area of 0.7910.