The AUD/USD is trading at 0.7216, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the signal lines at 0.7240, and then a fall to 0.7160, which may be confirmed with the price bouncing off the resistance area.
This may be prevented in case the price breaks out the upper boundary and closes above 0.7285, which will be a signal for a further rise to 0.7375 and above. Conversely, the fall may be confirmed once the bottom boundary gets broken out and the price closes below 0.7185.
Orgin: RoboForex
