Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7752. 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. The Ichimoku Kinko Hyo signal line area test is expected near the 0.7720 level, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the level of 0.7840.
AUD/USD forecast Australian Dollar April 13, 2018
An additional signal in favor of the growth of the pair will test the level of support. 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 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 0.7665, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the resistance area and the closing above the level of 0.7780.
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