AUD/USD forecast Australian Dollar on May 16, 2017

Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7441. The pair 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 0.7440, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.7370.

AUD/USD forecast Australian Dollar on May 16, 2017

AUD/USD forecast Australian Dollar on May 16, 2017

Earlier, a weak signal was received for buy of the pair Australian Dollar to US Dollar, due to crossing of the signal lines at the level of 0.7375. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 0.7470, in case of breaking through the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the bearish trend on AUD/USD.


Best Forex Brokers

Share This Post

Post Comment