H4
As expected, positive sentiment that has taken over the Australian dollar market made the aussie rate grow and hit all-time highs. For yesterday the price advanced by almost 200 points, and today it even reached the 1.0770 level.
The Ichimoku Indicator shows growing bullish sentiment: the Senkou Span A and B (1, 2) add up to the positive character of the Cloud.
The Tenkan-sen and the Kijun-sen (3) support the growth in the short term – they coincide and are directed up.
H1
Yesterday in 1-hour graphs the Tenkan-sen provided support for the price during short-term rollbacks. Therefore “straightening of the lines” was remaining during the whole session. This caused further growth and refreshing of highs.
The Indicator lines were following the price to the upside, thus supporting the positive sentiment of players.
At the moment the uptrend remains as the Ichimoku Cloud has a positive character, the Chinkou Span is located above the price graph and the Tenkan-sen and the Kijun-sen are keeping the Gold Cross (5).
However, during the past few hours a correction has been taking place, which is able to bring the aussie rate down to the Rotation line (3). Further, after a rebound off it, the recovery will be continued.
