Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7843. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The test of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.7820, where we should expect an attempt of growth with the target near the upper border at the level of 0.8000. In favor of the growth of the pair is the support level test.
FOREX forecast AUD/USD on October 2 — 6, 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 quotations 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 0.7780, 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 AUD/USD is at the level breakdown of 0.8050.
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