FX.co ★ Ichimoku graphic analysis: AUD/USD

H4

The Australian dollar continues losing positions: the bears have been pushing the rate down. On 4-hour graphs the lower limit of the Cloud gets broken again and this exit down is likely to be successful.
The Kumo character remains positive, but bearish sentiment is obvious. The Senkou Span A (1) is continuing the Cloud’s range, the Chinkou Span is below the price graph; the Tenkan-sen and the Kijun-sen joined in one line (3) and are directed down, thus confirming the bearish trend in the short term.
If the Senkou Span B is broken, the market is likely to decline to the next support at 1.0030. then a return to the lower limit of the Cloud is possible.

H1

1-hour tendency switched to bearish yesterday – the Ichimoku Cloud changed its character to the downside. Moreover, the Tenkan-sen and the Kijun-sen have formed another Dead Cross (5) as a result of sharp decline with further sharp recovery.
Today in the morning the aussie was also trading on the downside – the market approached local lows and is testing the 1.0070 level.
However, the Tenkan-sen (3) and the Senkou Span A (1) are currently directed up, which can help recover the spot rate. Further the downside trend is likely to be continued.