Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7993. 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 0.7955 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the 0.8085 level.
Australian Dollar forecast AUD/USD on January 22, 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 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 0.7875, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 0.8010.
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