Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7982. 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 level of 0.7945, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the 0.8090 level. An additional signal in favor of the growth of the pair will be a test of the upper boundary of the channel, as well as a test of the support level.
Australian Dollar forecast AUD/USD on February 19, 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 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 0.7805, which will indicate a change in the bullish trend in favor of the 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 0.7995.
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