Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7852. 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 0.7825 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 0.7940.
Australian Dollar forecast AUD/USD on March 13, 2018
An additional signal in favor of the growth of the pair will test the support line. 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 pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.7750 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations AUD/USD is with the breakdown of the resistance area and the closing above the level of 0.7900.
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