Currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7350. The pair continues to trade below the lower limit of the Ichimoku Cloud, indicating a downward trend in the pair Australian Dollar. It is expected to test the area of signal lines near the level of 0.7400, from which one should expect an attempt to fall and further develop the bearish tendency for a pair near the level of 0.7270.
Ichimoku Kinko Hyo AUD/USD prediction on May 10, 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. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 0.7480, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7350.
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