AUD/CAD: Ichimoku indicators analysis

5 mar 2026, 17:59:29

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (0.9628). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9468).

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (0.9651). The closest resistance level is the lower border of the cloud (0.9408).

On the both charts the instrument is still falling. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (0.9468) and Stop Loss at the level of Kijun-sen line (0.9628).

Scenario

Timeframe	Intraday
Raccomandazioni	SELL
Punto di ingresso	0.9592
Take Profit	0.9468
Stop Loss	0.9628
Livelli chiave	0.9408, 0.9468, 0.9628, 0.9651