Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.8073. 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 Cloud upper limit test is expected near the 0.8040 level, from which it is expected to attempt a rebound and further development of the bullish trend with a target to growth near the level of 0.8205. An additional signal in favor of the growth of the pair will test the level of support.
Australian Dollar forecast AUD/USD on February 1, 2018
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 0.7845. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7970, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD is with the breakdown of the upper limit of the model «Triangle»” and the closing above the level of 0.8120.
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