AUD/USD Forecast. Ichimoku Cloud Analysis 18.07.2019

newzeeland_dollarThe instrument is trading at 0.7032 above the Cloud, which suggests an ascending trend. Testing of the signal lines of the indicator near 0.7005 is expected, followed by growth to 0.7110. Yet another signal of growth may be a bounce off the support line.

The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6950, which may be followed by a further decline below 0.6875.

AUDUSD

Orgin: RoboForex

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