Currency pair Australian Dollar to US dollar AUD/USD completes trading week at 0.7439. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the pair Australian Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7540, where one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.7240.
AUD/USD prediction on May 29, 2017 — June 2, 2017
Earlier, a medium strength signal was received for the sale of the currency pair AUD/USD, due to the crossing of the signal lines at the level of 0.7619. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes 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 stands with the breakdown of the local minimum area at the level of 0.7290.
