The currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7392. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the pair Australian Dollar. The Australian Dollar is expected to rise near the level of 0.7430, from which it is expected to try to fall and further develop the bearish trend for the pair near the level of 0.7320.
Ichimoku Kinko Hyo AUD/USD Forecast on May 9, 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 of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 0.7480, 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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