Currency pair Australian Dollar to US Dollar AUD/USD completes trading week at 0.7377. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Australian Dollar/US Dollar. The pair is expected to grow near AUD/USD near 0.7450, from which it is expected to try to fall and develop a bearish trend for a pair near the level of 0.7230.
AUD/USD weekly forecast June 5 — 9, 2017
Earlier, we received a weak signal for buying of the pair Australian Dollar to US Dollar, due to the crossing of signal lines at the level of 0.7452. 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 quotes above the area of 0.7580, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7260.
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