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Australian Dollar/Canadian Dollar
Short
May 12, 2021
AUDCAD broke support level and continuously downtrending
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Comment:
AUDCAD Daily timeframe shows it broke the support level of 0.9454 and continuously downtrending as per below Ichimoku confirmation.
Ichimoku Trend Analysis (Daily):
- Kumo (Senko span A and B) down
- Kijun send down
- Tenkan sen down
- Chiko Span below candles
Next Scenario:
Waiting for the most recent breakout at 0.9424 level in H4 and look for a selling edge. The target is on next support level at 0.9300.
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AUDCAD
forexkei
Ichimoku Cloud
ichimokukinkohyo
Technical Indicators
Trend Analysis
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