Currency pair Australian Dollar to US Dollar AUD/USD is trading at 0.7456. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Australian Dollar to US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7430 is expected to test the upper limits of the cloud, from which one should expect an attempt of growth and development of the bullish trend for the pair AUD/USD near the level of 0.7520.
Technical analysis & forecast AUD/USD on May 25, 2017
Earlier, a weak signal was received for buy of the pair AUD/USD, due to the crossing of signal lines at the level of 0.7375. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7420, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/USD stands with the breakdown of the local maximum area at the level of 0.7500.