Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.8039. 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 upper limit test is expected near 0.8055, from which it is expected to attempt a rebound and further development of a downward trend with a view to falling near the level of 0.7890. An additional signal in favor of the fall of the pair is the formation of the reversal model «Head and Shoulders».
Australian Dollar forecast AUD/USD on February 5, 2018
Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at 0.8060. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.8130, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 0.8015.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
