Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7932. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair Australian Dollar/US Dollar. The pair AUD/USD is expected to fall to the level of 0.7870, from which it is expected to try to grow and develop the bullish trend for the pair AUD/USD with the target of growth near 0.8040.
Technical analysis & forecast AUD/USD on July 21, 2017
Earlier, we received a weak signal for buying of the Australian Dollar/US Dollar, due to crossing of the signal lines at the level of 0.7600. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7750, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the local maximum area at the level of 0.8000.
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