Currency pair Australian Dollar to US Dollar AUD/USD is trading at the level of 0.7431. The pair AUD/USD 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 level of 0.7430, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.7390.
AUD/USD forecast & analysis on May 22, 2017
Earlier, a weak signal was received for buy of the Australian Dollar to US Dollar AUD/USD, due to crossing of the signal lines at the level 0.7375. Consider buying the pair is with the breaking of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing of quotes above the level of 0.7460, in the case of breaking the lower boundary of the Cloud Ichimoku Kinko Hyo, it is expected to continue the development of the bearish trend for the pair AUD/USD.