19.04.201112:07 Forex Analysis & Reviews: Ichimoku graphic analysis: AUD/USD

H4

The US rating forecast changed to negative collapsed all markets and broke the whole bullish situation on the Australian dollar market. None of the Indicator lines could stop the downfall and the aussie rate appeared inside the Ichimoku Cloud.
The Tenkan-sen and the Kijun-sen are about to form a Dead Cross (3). This will provide additional negative influence on the players’ sentiment, which is supposed to help the short-term doentrend continue.
The first support is at 1.0390. The next one is at 1.0350.

H1

The expected bounce off the 1-hour Rotation line did not occur. Instead, in the beginning of the European session bullish sentiment took over the market, took the price to the upper limit of the Cloud and inside it further.
The Tenkan-sen and the Kijun-sen immediately formed a Dead Cross (5), thus supporting the bears. Besides, the Chinkou Span appeared below the price graph, which added up to the negative sentiment. As a result, the price tested the 1.0450 level outside the Ichimoku Cloud.
Nevertheless, by the end of the trading session the bulls managed to bring the rate back inside the Kumo, where the Kijun-sen (4) provided support. However, the buyers did not have enough power to break it up and the decline continued today in the morning.
At the moment the trading moved to the negative area below the Ichimoku Cloud. Simultaneously, the Senkou Span A and B (1, 2) can change its character to the downside any moment.