Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7482. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7465 is expected to test the upper boundary of the cloud, from which one should expect an attempt of growth and further development of the bullish trend near the level of 0.7555.
AUD/USD Forex forecast for June 7, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7427. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7415, 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 0.7540.
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