Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7853. 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. Ichimoku Kinko Hyo signal line area test near the level of 0.7830 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 0.7950.
Australian Dollar forecast AUD/USD on March 15, 2018
An additional signal in favor of the growth of the pair will be a test of the support line, as well as a test of the lower boundary of the bullish channel. 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 a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations 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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