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$AUDSGD (AUD/SGD). Ichimoku Weekly Bearish Cross?

Previous chart for AUD/SGD has shown that AUD is headed downwards as it continues to break support at 1.295

On the Ichimoku Weekly Chart, we can now see that :

1. A bearish Tenkan sen – Kijun sen cross is forming

2. The kumo support below is very thin; suggesting that it is very week

Given the above 2 points, it is likely that AUD is poised to go down further with a target of around 1.242

By iam802

Trend trading with Ichimoku