Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7864. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.7815, from which it is expected to attempt a rebound and continue growth with the target near the 0.8050 level. 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 8 — 12, 2018
Earlier, we received a weak signal for buy of the Australian Dollar/US dollar, due to the crossing of the signal lines at the level of 0.7605. The cancellation of the growth of the quotations of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7650, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth and development of the bullish trend for AUD/USD, with a breakdown of 0.7900.
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