Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7589. The pair broke through Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the pair Australian Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7610, where one should expect an attempt to fall and develop a bearish trend for the pair AUD/USD with a target to lower near the level of 0.7500.
AUD/USD forecast Australian Dollar on July 6, 2017
Earlier, a weak signal was received for the sale of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7641. 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 0.7670, which indicates 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 0.7530.
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