FX.co ★ Ichimoku graphic analysis: AUD/USD

H4

The aussie has failed again to reach the important level at 1.0200 and started correcting in the upper limit of the 4-hour Cloud.
Nevertheless, the character of the Kumo remains positive. Moreover, the Senkou Span A (1) is still growing up, thus widening the range of the Cloud.
The Tenkan-sen and the Kijun-sen are still remaining in a Gold Cross (5). However, current decline can cancel it as the lines started to move towards each other (3, 4).
In the nearest time a slight advance to the level of crossed Tenkan and Kijun is possible. However, afterwards the market is likely to decline to the upper limit of the Cloud.

H1

On 1-hour graphs the price is already inside the Cloud – another attempt of the bears to break through the Senkou Span A was successful.
As a result of yesterday’s decline Tenkan and Kijun lines formed a Dead Cross (5) and continued the downside movement. The market responded respectively by falling further and today in the morning reached the lower limit of the Cloud – the Senkou Span B, which was unable to provide support.
At the moment the price is making another attempt to break down. If it is successful the price is likely to reach the 1.0000 level again.