Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.8547
Kijun-Sen level: 0.8600
Ichimoku cloud top: 0.8644
Ichimoku cloud bottom: 0.8680
AUD/USD made a low of 0.84788 and recovered from that level. Overall trend is weak as long as resistance 0.8620 holds. On the upper side break above will target 0.8680/0.8725.
The pair’s minor support is around 0.8539 and any break below would extend loss to 0.8475/0.8400.
Indicators
Ichimoku (9, 26, 52, 26) – Sell
MACD (12.26.9) – Buy
Recommendation: Sell AUD/USD around 0.8566, SL 0.8620, Target 0.840.
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.8547
Kijun-Sen level: 0.8600
Ichimoku cloud top: 0.8644
Ichimoku cloud bottom: 0.8680
AUD/USD made a low of 0.84788 and recovered from that level. Overall trend is weak as long as resistance 0.8620 holds. On the upper side break above will target 0.8680/0.8725.
The pair’s minor support is around 0.8539 and any break below would extend loss to 0.8475/0.8400.
Indicators
Ichimoku (9, 26, 52, 26) – Sell
MACD (12.26.9) – Buy
Recommendation: Sell AUD/USD around 0.8566, SL 0.8620, Target 0.840.