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Forex: Ichimoku Clouds. Review of AUD/USD on 05.03.2015

Let’s look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, forming a signal to buy, although the pair is still trading within a sideways channel around the cloud. Chinkou Span line is approaching the price chart from above, current cloud is descending. Kijun-sen (0.7805) and Tenkan-sen (0.7828) line have become support and resistance level res[ectively.

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