The currency pair Australian Dollar to US Dollar AUD/USD completes the trading month at the level of 0.7470. The pair is trading inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the pair Australian Dollar. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 0.7320, from where it is expected to test the upper boundary of the Ishimoku Cloud near the level of 0.7530.
Ichimoku Kinko Hyo Forecast AUD/USD for May 2017
Earlier, a medium strength signal was received for purchases of the Australian dollar pair of the US dollar, due to the intersection of signal lines at the level of 0.7470. Consider buying is worth breaking through the upper boundary of the Ichimoku Cloud and closing the quotes above the level of 0.7760, in case of breaking through the lower boundary of the Ichimoku Cloud, we should expect continuation of the downward trend development on AUD/USD.
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