Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7435. The pair broke through the 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 test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.7450 is expected, from which one should expect an attempt to fall and further develop the bearish trend near the level of 0.7370.
Ichimoku Kinko Hyo forecast AUD/USD on June 1, 2017
Earlier, a weak signal was received for the sale of the pair AUD/USD, due to the crossing of signal lines at the level of 0.7469. 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 0.7480, which will indicate 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 0.7390.
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