Currency pair US Dollar to Australian Dollar AUD/USD completes trading week at 0.7383. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Australian Dollar. It is expected to test the area of signal lines near the level of 0.7460, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.7270.
Forex forecast AUD/USD for the week May 15 — 19, 2017
Earlier, a medium strength signal was received for the sale of the Australian dollar dollar pair, due to the intersection of the signal lines at the level of 0.7610. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7600, 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 is with the breakdown of the local minimum area at the level of 0.7320.
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