The currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7371. The pair continues to trade below the lower limit of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Australian Dollar. The pair is expected to rise near the 0.7410 level, from which it is expected to try to fall and further develop bearish tendency for a pair near the level of 0.7310.
Forex forecast AUD/USD & News on May 12, 2017
Earlier, a strong signal was received for the sale of the pair Australian Dollar, due to the intersection of signal lines at the level of 0.7490. 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 0.7460, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7330.
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