Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.8096. 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 0.8060 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 level of 0.8225. 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 January 31, 2018
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 the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7930, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations AUD/USD is with a breakdown of the level of 0.8130.
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