Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7411. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Australian Dollar to US Dollar. The pair is expected to grow near AUD/USD near 0.7440, from which it is expected to try to fall and further develop bearish trend near the level of 0.7330.
AUD/USD forecast & analysis on June 2, 2017
Earlier, a strong signal was received for the sale of the pair Australian Dollar to US Dollar, due to the crossing of the signal lines at the level of 0.7447. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7470, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD is with the breakdown of the local minimum area at the level of 0.7355.
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