Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7875. The pair continues to bargain inside the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7860, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the level of 0.7960. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Australian Dollar forecast AUD/USD on February 22, 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 a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7815, 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 resistance area and the closing above the level of 0.7975.
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