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ForexKei-Official
Oct 11, 2022 6:27 AM

AUDUSD reached the target, still downtrending Short

Australian Dollar/U.S. DollarFXCM

Description

Comment:
AUDUSD reached the target of 0.62519 and is continuously bearish.

Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

Next Scenario:
The market may retrace / consolidate today as it reached the support. However Daily timeframe Kumo is sitll thick, so it could break the support and continuously bearish.
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