Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7891. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Australian Dollar/US Dollar. AUD/USD is expected to rise to the level of 0.7930, from which it is expected to try to fall and develop the bearish trend for the pair AUD/USD with the target of decreasing near the level of 0.7740.
Forex analysis & AUD/USD forecast on August 9, 2017
Earlier, a weak signal was received for the sale of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7999. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 0.8020 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7780.
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