AUD crossed over Kijun-Sen

Although the Australian dollar is still meeting strong resistance in the flat country Ichimoku cloud bottom and further consolidation is likely, as Tenkan-Sen crossed over Kijun-Sen for 4 hours chart, which indicates an increase of 0.7850 should extend gain to 0, 8066 and perhaps to 0.8090/94 (61,8% Fibonacci retracement from 0.8238 to 0.7850 and the top of Ichimoku cloud area). Thus, a clear break of this level is necessary to keep this bullish picture and suggest possible triangle formation is underway from 0.8265 top, then the Aussie should be expanded further lead to 0.8130/40.

Therefore, we are still looking to buy a currency pair with a higher entry level with guests placing under yesterday's low of 0.7912. Once this level is broken, it will reduce this slightly bullish view and another drop of 0.7850 can be rejected, but only the loss of key support at 0.7828 will revive previous double top formation scenario of 0.8265 to 0 , 8238, the last major correction of the growth will take place at 0.7750/60, otherwise, erratic movements in number from 0.7828 to 0.8265, however, will be held.