Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7907. 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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7860, from which it is expected to attempt a rebound and continue growth with the target near the level of 0.8170. An additional signal in favor of growth is the test of the lower boundary of the rising channel.
FOREX forecast AUD/USD on February 19 — 23, 2018
Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7965. The cancellation of the growth of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7760, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of growth and development of the bullish trend for AUD/USD is with the breakdown of the resistance level and the closing above the area of 0.8005.
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