Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7948. 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 be tested near the level of 0.7925, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the 0.8040 level. An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel.
Australian Dollar forecast AUD/USD on February 16, 2018
Earlier, we received a weak signal 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 fall of the pair’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7965, which will indicate a change in the bearish trend in favor of the bullish 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 0.7995.
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