Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7473. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, which indicates an bullish trend in the pair Australian Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7460, from which one should expect an attempt of growth and further development of the bullish trend near the level of 0.7530.
Analysis and AUD/USD forecast for June 6, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar/US Dollar, due to the intersection of signal lines at the level of 0.7427. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7410, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the local maximum area at the level of 0.7500.
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