AUD/USD: Our analysis has been confirmed!

Our yesterday’s analysis has been confirmed.

Daily

AUDUSD 06.01.2016 D

On the daily, prices crossed the KUMO and the movement has been validated by LS which crossed its triple support KS, TS, and SSB.

H4

AUDUSD 06.01.2016 H4
H4 shows that prices rebounded on the previous SSB level @ 0.70925. But the trend is clearly bearish sinces prices are below their TS, and below the KUMO. The projected KUMO is also bearish.

M15

AUDUSD 06.01.2016 M15On M15, prices are dealing with their TS. We also drew a trendline. Prices should converge around this trendline. Since KS’s curve is pointing downards, it’s likely that prices are going to go down again. Watch this level. Should prices hold this level, it could be a signal that the bearish trend is temporarily fading. Nevertheless the daily outlook seems negative for the pair.