AUD/USD | Ichimoku Graphic | Technical Analysis | 10 February 2011

AUD/USD | Ichimoku Graphic | Technical Analysis | 10 February 2011

AUD/USD H4 : As expected, the AUD rate has declined to reach the upper limit of the Ichimoku cloud on 4-hour graphs.

For yesterday the Tenkan-sen and the Kijun-sen formed a Dead cross (5), thus proving the market’s intention to correct. However, the lines keep declining today as well (3,4). Besides, the Senkou Span A (1) started to narrow the Kumo range in the downside direction. Read more