Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7954. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.7945 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the aim of growth near the 0.8065 level.
Australian Dollar forecast AUD/USD on January 18, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a strong signal was received 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 quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7845, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the upper boundary of the rising channel and the closing above the level of 0.8020.
