The AUD/USD is trading at 0.7434, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the upper cloud boundary at 0.7435, and then a downward pullback to 0.7365. This fall may be prevented in case the price breaks out the upper boundary and closes above 0.7495, which will be a signal for a further rise to 0.7510 and above. Conversely, the fall will be confirmed once the bottom boundary gets broken out and the price closes below 0.7340.
Orgin: RoboForex
