Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7911. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7900, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the 0.8040 level.
Australian Dollar forecast AUD/USD on February 21, 2018
An additional signal in favor of the growth of the pair will be a test of the upper boundary of the channel, as well as a test of the support level. 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 0.7845.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7815, 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 0.7995.
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