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AUDUSD Opens Below Ichimoku Cloud
For the first time in four months, AUDUSD opens below Ichimoku cloud on Monday's Sydney session. From a technical point of view, this is huuuuge. But do all the points of the IDDA imply a bearish scenrio? Well mates, it is time to take a closer look at Mr. Aussie and find out. The AUD/USD pair started Monday’s Sydney session by confirming below the Ichimoku cloud on the daily chart after three consecutive days of downfalls since the US election results kicked in. The pair has also broken below the upward moving channel and is currently approaching the pivot level of 0.7450, which falls on the long-term 23% ... (full story)