Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7448. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.7470 level, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.7490.
Technical analysis AUD/USD on May 31, 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. To consider the sale is worthwhile with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 0.7430, in the case of breaking the upper boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the upward trend development on AUD/USD.
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