Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7835. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the pair Australian Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7810 is expected, 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 0.7935.
Australian Dollar forecast AUD/USD on January 5, 2018
An additional signal in favor of the growth of quotations will be the test of the lower boundary of the bullish channel. 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 0.7670. 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 quotations below the 0.7720 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations AUD/USD stands with a breakdown of the level of 0.7850.