Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7800. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7810, from which it is expected to attempt a rebound and a fall with a target near the level of 0.7600. An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel.
FOREX forecast AUD/USD on January 1 — 5, 2018
Earlier, we received a weak signal for buy of the Australian Dollar pair of the US Dollar, due to the crossing of the signal lines at the level of 0.7605. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7860, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall and develop the bearish trend for AUD/USD is with the breakdown of the lower boundary of the Cloud and the closing below the level of 0.7560.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
