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ForexKei-Official
Aug 24, 2021 7:28 AM

AUDCAD bearish at Daily support level Short

Australian Dollar/Canadian DollarFXCM

Description

Comment:

AUDCAD shows continuously bearish as per below Ichimoku confirmations.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

Next Scenaro:

Ichimoku showing market being bearish at Daily support level. Market might retrace back to the descending trend line or Tenkan sen, and breaks the support level at 0.91110.
Target is the next round number as well as previous support at 0.9000.
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