Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week at the level of 0.7454. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in the pair Australian Dollar to US Dollar. The AUD/USD pair is expected to grow near the level 0.7510, from which it is expected to try to fall and develop a bearish trend for a pair near with a target at the level 0.7280.
AUD/USD weekly forecast on May 22 — 26, 2017
Earlier, a medium strength signal was received for the sale of the pair Australian Dollar to US Dollar AUD/USD, due to the crossing of the signal lines at the level of 0.7610. 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 0.7600, 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 is with the breakdown of the local minimum area at the level of 0.7320.
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