Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7167 and continues to move as part of growth. 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 Forex forecast for April 12, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 0.7135. Where should we expect an attempt to rebound and the continued growth of the currency pair. The target of such a pair movement in Forex is the area near the level of 0.7235.
Australian Dollar Forecast AUD/USD April 12, 2019
An additional signal in favor of the growth of the AUD/USD currency pair on FOREX will be the test of the support area. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Australian Dollar/US Dollar pair. The signal was formed due to the intersection of the signal lines at the level of 0.7095.
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 0.7085. 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 0.7175.
Australian Dollar Forecast AUD/USD April 12, 2019 implies an attempt to test the support level near the 0.7135 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 0.7235. Cancellation of the lifting option will be the breakdown of the area of 0.7085. This will indicate a continuation of the fall of the currency pair on Forex with a target above the 0.6965 area.