Currency pair Australian Dollar to US Dollar AUD/USD completes trading week at 0.7998. 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 to US Dollar. The pair AUD/USD pair is expected to fall to the level of 0.7810, from which it is expected to try to grow and develop the bullish tendency for the pair with the target of growth near the level of 0.8220.
Forex forecast AUD/USD on July 31 — August 4, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7442. 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 0.7680, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations AUD/USD stands with the breakdown of the local maximum area at 0.8170.
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