Currency pair Australian Dollar to Canadian Dollar AUD/CAD is trading at the level of 1.0128. The pair is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in the pair Australian Dollar to Canadian Dollar. Ichimoku Kinko Hyo Cloud lower boundary test is expected near the level 1.0140, from which one should expect an attempt to fall and develop a bearish trend for this pair in order to reduce the level of 0.9960.
Ichimoku Kinko Hyo forecast AUD/CAD on May 16, 2017
Earlier, we received a weak signal for buy of the pair Australian Dollar to Canadian Dollar, due to the crossing of the signal lines at 1.0080. Cancellation of the falling option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.0220, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations AUD/CAD is with the breakdown of the local minimum area at 1.0010.
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