Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7261 and continues to move as part of the decline. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend for the pair Australian Dollar US Dollar. As part of the AUD/USD forecast Australian Dollar November 23, 2018, the test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.7235. Where should we expect an attempt to rebound and continued growth of the pair. The target of this movement is the area near the level of 0.7415.
AUD/USD forecast Australian Dollar November 23, 2018
An additional signal in favor of the growth of the AUD/USD currency pair at Forex will be the test of the support area. Earlier, a weak signal was received for SELL the Australian Dollar USD. The signal was formed due to the intersection of signal lines at the level of 0.7265.
Cancellation of the growth of quotations of the pair AUD/USD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud. The reversal will be confirmed by closing of quotations below the area of 0.7215. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair. AUD/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 0.7305.
AUD/USD forecast Australian Dollar November 23, 2018 implies an attempt to test the support level near the 0.7235 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 0.7415. The cancellation of the growth reduction option will be a breakdown of the 0.7215 area. This will indicate a continued decline in the currency pair on Forex.