Currency pair Australian Dollar to US Dollar AUD/USD finished the trading month at the level of 0.7439. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the Australian/US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the 0.7330 level, from which we can expect the penetration of the Ichimoku Kinko Hyo Cloud and the growth of the pair’s quotes near the level of 0.7730.
Australian Dollar (AUD/USD) forecast June 2017
Earlier, a medium strength signal was obtained for buying of the Australian Dollar, due to the crossing of the signal lines at 0.7470. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7170, 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 0.7650.
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