Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7784. 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 lower limit test is expected near the 0.7770 level, from which one should expect a rebound attempt and further development of the upward trend with the aim of growth near the level of 0.7890.
Australian Dollar forecast AUD/USD on March 12, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, we received a weak signal for buy of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7785.
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 quotations below the area of 0.7740, which will indicate a change in the flat 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 bearish channel and the closing above the level of 0.7960.
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