Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.8106. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.8030 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 0.8310.
FOREX forecast AUD/USD on January 29 — February 2, 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 0.7760, which will indicate a change in the bullish trend in favor of a 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 0.8160.
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