Currency pair Australian Dollar to US Dollar AUD/USD completes trading week at 0.7532. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar to US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7540 is expected to test the upper boundary of the Cloud, from which one should expect an attempt to fall and develop a bearish trend for the pair near the level of 0.7360.
AUD/USD weekly forecast June 12 — 16, 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 0.7442. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.7570, which will indicate a change in the bearish trend in favor of the bullish 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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