FX.co ★ Ichimoku graphic analysis: AUD/USD

H4

As expected, the bears managed to break down and close above the Senkou Span B. As a result of yesterday’s decline the price returned to the psychological support level 1.0000, and the Senkou Span A almost changed the character of the Cloud to the downside.
However, the rebound was perfect and at the moment the bulls are trying to recover the market. It caused the fact that all Indicator lines are directed horizontally (1, 2, 3, 4), thus indicating possible beginning of a sideways movement.
In the nearest time certain optimism on the market will probably remain and the aussie might advance to the Rotation line or even to the Senkou Span B. However, afterwards the decline is likely to resume.

H1

Downtrend remains on 1-hour graphs: the Ichimoku Cloud has a downside character, the Senkou Span A widens the range of the Kumo to the downside (1).
However, the positive sentiment that appeared on the market after the price had reached the important level 1.0000 allowed breaking up the Tenkan-sen and the Kijun-sen (3, 4) that are directed horizontally at the moment.
Apparently, in the next few hours we should expect the price to recover to the 1.0060 level, where the resistance level formed by the Kijun-sen is located. If the bulls cannot break it up, the aussie will continue to decline.