Currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7385. The pair continues to trade below the lower limit of the Ichimoku Cloud, indicating a downward trend in the pair Australian Dollar. A correction is expected near the level of 0.7425, from which one should expect an attempt to fall and further develop the bearish trend for a pair near the level of 0.7350.
Ichimoku Kinko Hyo Forecast AUD/USD on May 8, 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 option will be a breakdown of the upper boundary of the Ishimoku Cloud with the closing of quotations above the area of 0.7500, 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 0.7370.
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