Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7840. 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 0.7830, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the level of 0.7965.
Australian Dollar forecast AUD/USD on January 12, 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 the level of 0.7840. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.7765, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations AUD/USD is with a breakdown of the level of 0.7890.