The currency pair Australian Dollar to US Dollar AUD/USD completes the trading week at the level of 0.7487. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the pair Australian Dollar. It is expected to test the area of signal lines near the level of 0.7550, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.7350.
Ichimoku Kinko Hyo AUD/USD Forecast May 1 — 5, 2017
Earlier, a medium strength signal was received for the sale of the Australian dollar dollar pair, due to the intersection of the signal lines at the level of 0.7610. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 0.7670, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7400.
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