Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7731. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the pair Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.7690, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the level of 0.7820.
AUD/USD forecast Australian Dollar April 11, 2018
An additional signal in favor of the fall of the pair will be a test of the upper boundary of the bearish channel, as well as a test of the support level. Earlier, a strong signal was received for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7695.
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 0.7655, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations AUD/USD is with the breakdown of the resistance area and the closing above the level of 0.7750.
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