Currency pair Australian dollar to US dollar AUD/USD is trading at 0.7384. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Australian Dollar. It is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud 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 0.7320.
FOREX forecast AUD/USD & Analysis on May 11, 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. 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 quotations above the area of 0.7460, 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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