Currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7420. The pair continues to trade inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend in the pair Australian Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7440, from which it is expected to test the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.7375.
Ichimoku Kinko Hyo forecast AUD/USD on May 17, 2017
Earlier, a weak signal was received for purchases of the pair Australian Dollar to US Dollar, due to crossing of the signal lines at the level of 0.7375. Consider buying the pair is with the breaking of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing of quotes above the level of 0.7460, in the case of breaking the lower boundary of the Cloud Ichimoku Kinko Hyo, it is expected to continue the development of the bearish trend for AUD/USD.
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