The currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7518. The pair is trading below the lower limit of the Iсhimoku Cloud, indicating a downward trend in the pair Australian Dollar. An attempt is expected to fall and further develop the bearish trend for a pair near the level of 0.7450.
Ichimoku Kinko Hyo AUD/USD Forecast on May 3, 2017
Earlier, we received a weak signal for purchases of the pair Australian dollar US dollar, due to the intersection of signal lines at the level of 0.7509. Cancellation of the fall option will be a breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotes above the area of 0.7530, which indicates a change in the downward trend in favor of the upward. Expect the acceleration of the fall in quotations AUD/USD stands with the breakdown of the local minimum area at the level of 0.7460.
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