FOREX forecast AUD/USD on October 16 — 20, 2017


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Currency pair Australian Dollar to US Dollar AUD/USD closes the trading week near the level of 0.7885. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7850, from which it is expected to attempt a growth with a target near the level of 0.8000.

FOREX forecast AUD/USD on October 16 — 20, 2017

FOREX forecast AUD/USD on October 16 — 20, 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 0.7990. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​0.78, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth and development of the bullish trend for AUD/USD is at the level breakdown of 0.8030.

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